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An Overview of IMF Extended Fund Facility
This article was compiled by Professor Udara Peiris and Raj Prabu Rajakulendran. Udara Peiris joined Oberlin in the fall of 2022. He was previously a tenured Associate Professor of Finance at HSE University (at the department ICEF) in Russia and has taught at the University of Warwick, and the University of Oxford (both in the UK). He was a research advisor to the Central Bank of Russia, consulted the Government of Sri Lanka, and presented his research at institutions including the IMF, Federal Reserve System, Bank of England, and Reserve Bank of Australia. His research has a strong policy focus and covers the nexus between the macroeconomy and the financial markets. Raj is a Lead Economist within the Economic Research Team at Verité Research. He specializes in providing in-depth analysis and expert insights on Sri Lanka's macroeconomic conditions and policies. His research areas include public finance, macroeconomics, debt sustainability, and economic governance.
Featured Insight
An Overview of IMF Extended Fund Facility
This article was compiled by Professor Udara Peiris and Raj Prabu Rajakulendran. Udara Peiris joined Oberlin in the fall of 2022. He was previously a tenured Associate Professor of Finance at HSE University (at the department ICEF) in Russia and has taught at the University of Warwick, and the University of Oxford (both in the UK). He was a research advisor to the Central Bank of Russia, consulted the Government of Sri Lanka, and presented his research at institutions including the IMF, Federal Reserve System, Bank of England, and Reserve Bank of Australia. His research has a strong policy focus and covers the nexus between the macroeconomy and the financial markets. Raj is a Lead Economist within the Economic Research Team at Verité Research. He specializes in providing in-depth analysis and expert insights on Sri Lanka's macroeconomic conditions and policies. His research areas include public finance, macroeconomics, debt sustainability, and economic governance.
Featured Insight
An Overview of IMF Extended Fund Facility
This article was compiled by Professor Udara Peiris and Raj Prabu Rajakulendran. Udara Peiris joined Oberlin in the fall of 2022. He was previously a tenured Associate Professor of Finance at HSE University (at the department ICEF) in Russia and has taught at the University of Warwick, and the University of Oxford (both in the UK). He was a research advisor to the Central Bank of Russia, consulted the Government of Sri Lanka, and presented his research at institutions including the IMF, Federal Reserve System, Bank of England, and Reserve Bank of Australia. His research has a strong policy focus and covers the nexus between the macroeconomy and the financial markets. Raj is a Lead Economist within the Economic Research Team at Verité Research. He specializes in providing in-depth analysis and expert insights on Sri Lanka's macroeconomic conditions and policies. His research areas include public finance, macroeconomics, debt sustainability, and economic governance.
Featured Insight
An Overview of IMF Extended Fund Facility
This article was compiled by Professor Udara Peiris and Raj Prabu Rajakulendran. Udara Peiris joined Oberlin in the fall of 2022. He was previously a tenured Associate Professor of Finance at HSE University (at the department ICEF) in Russia and has taught at the University of Warwick, and the University of Oxford (both in the UK). He was a research advisor to the Central Bank of Russia, consulted the Government of Sri Lanka, and presented his research at institutions including the IMF, Federal Reserve System, Bank of England, and Reserve Bank of Australia. His research has a strong policy focus and covers the nexus between the macroeconomy and the financial markets. Raj is a Lead Economist within the Economic Research Team at Verité Research. He specializes in providing in-depth analysis and expert insights on Sri Lanka's macroeconomic conditions and policies. His research areas include public finance, macroeconomics, debt sustainability, and economic governance.
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Expenditure
Insights and analysis of government expenditure.
Defence Sector Claims Nearly Half of State Salaries
According to the 2023 Budget Estimates, 15% of total recurrent expenditure of the government will be spent on salaries for government employees for the year 2023.
From The PF Wire
Source:
The Island
Overall decline in April PMI
The PMI recorded a value of 42.0, signaling a contraction in the manufacturing sector, driven by declines in New Orders, Production, Employment, and Stock of Purchases sub-indices.
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Source:
Daily FT
Downturn for manufacturing in April, service secto...
In April 2024, the country’s manufacturing sector, as per the Purchasing Managers Index (PMI), failed to sustain the strong upturn recorded in the first quarter, recording an index value of 42.0 which indicates a contra...
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Source:
EconomyNext
Sri Lanka money printing, deficits could lead to e...
Further money printing to finance deficits could lead to monetary instability while trade and private credit could eventually shrink, an International Monetary Fund assessment has warned, as the country reels from ta...
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Insight on Expenditure
Where do government salaries go?
The government spends 22% of its total ex...
What Happens When a Government Body Runs...
When a government body runs out of money,...
Budget Promises 2018: Are Ministries Com...
The RTI Act guarantees citizens the right...
Budget Promises 2018: Most Responsive In...
Are our ministries open about the progres...
Budget Promises 2018: Most Closed Instit...
Are our ministries open about the progres...
Budget Promises 2018: Openness of Promis...
By making it easier for people to find ou...
Budget Promises 2018: Forgotten Promises
What are the forgotten promises from Budg...
Progress of Budget Promises 2017 vs 2018
Is the government getting better at imple...
Budget Promises 2018: Progress of Promis...
Every year, the government makes promises...
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Featured
Earnings from Tourism: Are we getting it right?
Sri Lanka is expecting the earnings from tourism to play a significant role in driving the recovery of Sri Lanka’s foreign currency. However, there are important concerns accuracy of the estimated earnings from tourism....
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Tax revenue misses IMF target in 1st quarter!
According to the 2022 Annual Report from the Ministry of Finance, tax revenue for the first quarter of 2023 experienced a surge of 56%, amounting to LKR 578 billion. This was a increase from the LKR 370 billion collected during the same peri...
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Why Tracking the IMF Programme Implementation is o...
This article was compiled by Dr. Nishan de Mel and Raj Prabu Rajakulendran. Dr. Nishan de Mel is the Executive Director of Verité Research and an ec...
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