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Sri Lanka’s Current IMF Programme: 110 ongoing commitments, 62 due by March 2024
The International Monetary Fund (IMF) has published its evaluation of Sri Lanka’s performance in the first phase or ‘first term’ of the ongoing Extended Fund Facility (EFF) programme, which commenced in March 2023. Verité Research updated its ‘IMF Tracker’, based on all information available, including in the IMF evaluation titled ‘First Review Under the Extended Arrangement Under The Extended Fund Facility’. Sri Lanka had ‘met’ (with some delays) 60 of the 73 commitments due by end-November 2023. The 13 remaining commitments were ‘not met’. Of these 13, eight have been carried forward into the second term, or the period leading up to the second review. Five were irreversibly ‘not met’, and therefore, cannot be carried forward.
Featured Insight
Sri Lanka’s Current IMF Programme: 110 ongoing commitments, 62 due by March 2024
The International Monetary Fund (IMF) has published its evaluation of Sri Lanka’s performance in the first phase or ‘first term’ of the ongoing Extended Fund Facility (EFF) programme, which commenced in March 2023. Verité Research updated its ‘IMF Tracker’, based on all information available, including in the IMF evaluation titled ‘First Review Under the Extended Arrangement Under The Extended Fund Facility’. Sri Lanka had ‘met’ (with some delays) 60 of the 73 commitments due by end-November 2023. The 13 remaining commitments were ‘not met’. Of these 13, eight have been carried forward into the second term, or the period leading up to the second review. Five were irreversibly ‘not met’, and therefore, cannot be carried forward.
Featured Insight
Sri Lanka’s Current IMF Programme: 110 ongoing commitments, 62 due by March 2024
The International Monetary Fund (IMF) has published its evaluation of Sri Lanka’s performance in the first phase or ‘first term’ of the ongoing Extended Fund Facility (EFF) programme, which commenced in March 2023. Verité Research updated its ‘IMF Tracker’, based on all information available, including in the IMF evaluation titled ‘First Review Under the Extended Arrangement Under The Extended Fund Facility’. Sri Lanka had ‘met’ (with some delays) 60 of the 73 commitments due by end-November 2023. The 13 remaining commitments were ‘not met’. Of these 13, eight have been carried forward into the second term, or the period leading up to the second review. Five were irreversibly ‘not met’, and therefore, cannot be carried forward.
Featured Insight
Sri Lanka’s Current IMF Programme: 110 ongoing commitments, 62 due by March 2024
The International Monetary Fund (IMF) has published its evaluation of Sri Lanka’s performance in the first phase or ‘first term’ of the ongoing Extended Fund Facility (EFF) programme, which commenced in March 2023. Verité Research updated its ‘IMF Tracker’, based on all information available, including in the IMF evaluation titled ‘First Review Under the Extended Arrangement Under The Extended Fund Facility’. Sri Lanka had ‘met’ (with some delays) 60 of the 73 commitments due by end-November 2023. The 13 remaining commitments were ‘not met’. Of these 13, eight have been carried forward into the second term, or the period leading up to the second review. Five were irreversibly ‘not met’, and therefore, cannot be carried forward.
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Gross official reserves increases to USD 5 Bn
By March 2024, Sri Lanka's Gross Official Reserves surged to US$5.0 billion, propelled by significant domestic market foreign exchange acquisitions, with a net intervention totaling US$715 million for the month.
2024-05-02
Daily News
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No more big foreign loan projects
Sri Lanka will no longer go for expensive foreign loan-funded projects, the financing model that was its key recourse in the past. Sri Lanka was also looking for more backing from the World Bank (WB) and the Asian Development Bank (ADB), institutions whose lending...
2021-05-23
Sunday Times
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Australia provides Rs. 952 m to strengthen COVID treatment services
The Australian Government has donated Rs.952 million worth of essential respirators to strengthen COVID treatment services. A stock of essential medical equipment including oxygen cylinders was handed over to the Minister of Health Pavithra Wanniarachchi yesterday...
2021-05-20
Daily News
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Tax concessions for 2 major projects to get Parliamentary approval today
Parliament will take up for debate two Orders under the Strategic Development Projects Act in Parliament today. The debate will look into the viability of granting tax concessions to two investment projects – the Colombo International Financial Centre and Ceylon T...
2021-05-18
DailyFT
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Sri Lanka receives US $ 500mn concessional loan from Korea
In order to further strengthen the economic cooperation between the two countries, the Government of Republic of Korea has agreed to provide a concessional loan from the Economic Development Cooperation Fund (EDCF) of the Export Import Bank of Korea (KEximbank). Accordi...
2021-05-11
Daily Mirror
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