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IMF Article IV Report – Key Issues and Recommendations
Under Article IV of the IMF's Articles of Agreement, IMF holds bilateral discussions with its member countries every year. In 2021 IMF held discussions with Sri Lanka officials and the report was completed on February 10th, 2022. Following is a summary of the key findings of the report under 5 distinct subsections.
Featured Insight
IMF Article IV Report – Key Issues and Recommendations
Under Article IV of the IMF's Articles of Agreement, IMF holds bilateral discussions with its member countries every year. In 2021 IMF held discussions with Sri Lanka officials and the report was completed on February 10th, 2022. Following is a summary of the key findings of the report under 5 distinct subsections.
Featured Insight
IMF Article IV Report – Key Issues and Recommendations
Under Article IV of the IMF's Articles of Agreement, IMF holds bilateral discussions with its member countries every year. In 2021 IMF held discussions with Sri Lanka officials and the report was completed on February 10th, 2022. Following is a summary of the key findings of the report under 5 distinct subsections.
Featured Insight
IMF Article IV Report – Key Issues and Recommendations
Under Article IV of the IMF's Articles of Agreement, IMF holds bilateral discussions with its member countries every year. In 2021 IMF held discussions with Sri Lanka officials and the report was completed on February 10th, 2022. Following is a summary of the key findings of the report under 5 distinct subsections.
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Fitch Downgrades Sri Lanka to ‘C’
Fitch Ratings has downgraded Sri Lanka’s Long-Term Foreign-Currency Issuer Default Rating (IDR) to ‘C’ from ‘CC’. The issue ratings on foreign-currency bonds issued on international markets have...
2022-04-17
Island
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Energy Minister reveals the main reasons for CPC losses
Power and Energy Minister Kanchana Wijesekara in a Twitter message on August 5 said that there are multiple reasons for the CPC to operate under losses, with selling at subsidized rates, rupee depreciation, dues from government-owned institu...
2022-08-06
Economy Next
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Sri Lanka debt advisors looking at local debt: President
Sri Lanka’s debt advisors are looking at local debt as a re-structuring plan to negotiate with creditors is being developed as part of efforts to make the debt sustainable, President Ranil Wickremesinghe said.
2022-08-05
Economy Next
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Norway provides Rs. 490 m to WFP, UNICEF and UNFPA in Sri Lanka
The Norwegian government is providing NOK 13 million (approx. Rs. 490 million) to the World Food Program (WFP), United Nations Children’s Fund (UNICEF) and the UN Population Fund (UNFPA) in Sri Lanka to address food, nutrition and prot...
2022-08-05
Daily FT
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World Bank says $ 160 m disbursed for SL to meet urgent essential items
The World Bank Group said last week it is deeply concerned about the dire economic situation and its impact on the people of Sri Lanka. To help alleviate severe shortages of essential items such as medicines, cooking gas, fertiliser, meals f...
2022-08-01
Daily FT
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