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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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IMF says new central Government taxes needed
The IMF recommends an imputed rental income tax on owner-occupied and vacant residential properties to boost central government revenue as part of essential tax reforms under the Extended Fund Facility (EFF) program.
2024-08-27
Daily FT
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Mega projects in crisis: More than 300 contracts suspended
Over 300 contracts related to 35 mega projects were suspended last year. 37 projects showed no physical progress in the last quarter of 2023.
2024-04-28
The Sunday Times
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Vehicle import ban to be lifted to raise revenue
Lift on vehicle import ban driven by Treasury committee recommendations to meet IMF revenue targets. Decision reflects committee's aim to balance economic objectives with fiscal sustai...
2024-04-28
The Sunday Times
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Sri Lanka to pay 13.0-pct return to EPF holders for 2023: Minister
EPF members will receive a 13% return on their contributions in 2023, exceeding the usual rate. Sri Lanka has achieved stable monetary conditions since September 2022, which bodes well for...
2024-04-28
Economy Next
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Economy witnessed gradual revival in 2023 – CBSL
The Central Bank of Sri Lanka reported a gradual economic revival in 2023, following the country's most severe post-Independence downturn. Th...
2024-04-27
Daily News
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