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Sri Lanka met 46 IMF commitments and failed 12 by end-Nov
The transparency in Sri Lanka’s ongoing International Monetary Fund (IMF) programme improved in November following the publication of several supporting documents with the 2024 budget, according to the latest update of Verité Research’s ‘IMF Tracker’. The supporting documents have provided information on the progress of six commitments which were previously classified as ‘unknown’. Five of the commitments have now been reclassified as ‘met’ and one – the tax revenue target – as 'not met’. Of the 73 commitments due by end-November, 12 are ‘not met’, 15 are classified as ‘unknown’, and 46 as ‘met’. Therefore, 63% of the commitments due by end November have been verifiably completed. This means, however, that Sri Lanka’s overall performance remains less than impressive.
Featured Insight
Sri Lanka met 46 IMF commitments and failed 12 by end-Nov
The transparency in Sri Lanka’s ongoing International Monetary Fund (IMF) programme improved in November following the publication of several supporting documents with the 2024 budget, according to the latest update of Verité Research’s ‘IMF Tracker’. The supporting documents have provided information on the progress of six commitments which were previously classified as ‘unknown’. Five of the commitments have now been reclassified as ‘met’ and one – the tax revenue target – as 'not met’. Of the 73 commitments due by end-November, 12 are ‘not met’, 15 are classified as ‘unknown’, and 46 as ‘met’. Therefore, 63% of the commitments due by end November have been verifiably completed. This means, however, that Sri Lanka’s overall performance remains less than impressive.
Featured Insight
Sri Lanka met 46 IMF commitments and failed 12 by end-Nov
The transparency in Sri Lanka’s ongoing International Monetary Fund (IMF) programme improved in November following the publication of several supporting documents with the 2024 budget, according to the latest update of Verité Research’s ‘IMF Tracker’. The supporting documents have provided information on the progress of six commitments which were previously classified as ‘unknown’. Five of the commitments have now been reclassified as ‘met’ and one – the tax revenue target – as 'not met’. Of the 73 commitments due by end-November, 12 are ‘not met’, 15 are classified as ‘unknown’, and 46 as ‘met’. Therefore, 63% of the commitments due by end November have been verifiably completed. This means, however, that Sri Lanka’s overall performance remains less than impressive.
Featured Insight
Sri Lanka met 46 IMF commitments and failed 12 by end-Nov
The transparency in Sri Lanka’s ongoing International Monetary Fund (IMF) programme improved in November following the publication of several supporting documents with the 2024 budget, according to the latest update of Verité Research’s ‘IMF Tracker’. The supporting documents have provided information on the progress of six commitments which were previously classified as ‘unknown’. Five of the commitments have now been reclassified as ‘met’ and one – the tax revenue target – as 'not met’. Of the 73 commitments due by end-November, 12 are ‘not met’, 15 are classified as ‘unknown’, and 46 as ‘met’. Therefore, 63% of the commitments due by end November have been verifiably completed. This means, however, that Sri Lanka’s overall performance remains less than impressive.
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Insights and analysis on the 2023 IMF programme.
Sri Lanka failed 2 IMF commitments & met 25 by end-April
An IMF Programme usually has four main types of commitments: a) Prior Actions - These are steps a country agrees to take before the IMF approves financing or completes...
From The PF Wire
Source:
Economy Next
IMF approves Sri Lanka review, calls for monetary...
The International Monetary Fund (IMF) has approved a program review for Sri Lanka, unlocking a disbursement of 330 million US dollars, with a strong emphasis on using monetary policy exclusively for stability, prioritizing price stability, and refraini...
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Source:
The Morning
SL needs to bring down debt below IMF target
Shanta Devarajan stresses the necessity for Sri Lanka to surpass the IMF's debt-to-GDP target of 95%, citing potential economic shocks like Middle East conflicts. Achieving a lower ratio requires boosting the growth rate,...
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Source:
News First
IMF reaches agreement on First Review of Sri Lanka...
The IMF and Sri Lankan authorities have agreed on economic policies for the first review of a 48-month Extended Fund Facility (EFF) arrangement. Once approved by the IMF Management and Executive Board, Sri Lanka will receive $330 million in...
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Insight on International Monetary Fund
Sri Lanka Met 33 IMF Commitments and fai...
Sri Lanka had verifiably met 33 of the tr...
Sri Lanka met 29 IMF commitments and fai...
Sri Lanka had met 29 of the 100 trackable...
CBSL more Optimistic than the IMF
According to the Annual Report of the Cen...
Sri Lanka failed 2 IMF commitments & met...
An IMF Programme usually has four main ty...
Sri Lanka met 25% of IMF commitments and...
Sri Lanka had met 25% of the trackable pr...
How Long Did Sri Lanka Take to Secure it...
Sri Lanka's debt restructuring process has been a topic of concern for many, with delays in r...
Sri Lanka is Forecasted the Lowest Econo...
According to the world bank global econom...
Sri Lanka vs. IMF Programme Targets
Sri Lanka is currently entering its 17th IMF programme with the impending board level agreement....
Completion of Past IMF Programmes in Sri...
Since becoming a member of the IMF in 1950 Sri Lanka has entered int...
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Featured
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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Can We Build a World-Class City with Third-World P...
This article was compiled by Dr. Sanjaya de Silva, Associate Professor of Economics at Bard College. His research interests include development and economic history in South and Southeast Asia.
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Economic Policies in an Election Year: Some Inconv...
Dr. Sharmini Coorey is a non-resident fellow at Verité Research. She was a former Department Director at the International Monetary Fund (IMF) and currently a member of the Presidential Advisory Group on multilateral engageme...
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