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Is the Pandemic the Sole Cause for the Depletion in Sri Lanka’s Foreign Reserves?
Sri Lanka’s usable foreign reserves fell from USD 7,642 MN in 2019 to USD 1,579 MN by the end of 2021. When compared with Sri Lanka’s regional peers during the pandemic, the decline in its reserves appears to only have happened to Sri Lanka, while its other Asian countries have seen an increase in their reserve balances.
Featured Insight
Is the Pandemic the Sole Cause for the Depletion in Sri Lanka’s Foreign Reserves?
Sri Lanka’s usable foreign reserves fell from USD 7,642 MN in 2019 to USD 1,579 MN by the end of 2021. When compared with Sri Lanka’s regional peers during the pandemic, the decline in its reserves appears to only have happened to Sri Lanka, while its other Asian countries have seen an increase in their reserve balances.
Featured Insight
Is the Pandemic the Sole Cause for the Depletion in Sri Lanka’s Foreign Reserves?
Sri Lanka’s usable foreign reserves fell from USD 7,642 MN in 2019 to USD 1,579 MN by the end of 2021. When compared with Sri Lanka’s regional peers during the pandemic, the decline in its reserves appears to only have happened to Sri Lanka, while its other Asian countries have seen an increase in their reserve balances.
Featured Insight
Is the Pandemic the Sole Cause for the Depletion in Sri Lanka’s Foreign Reserves?
Sri Lanka’s usable foreign reserves fell from USD 7,642 MN in 2019 to USD 1,579 MN by the end of 2021. When compared with Sri Lanka’s regional peers during the pandemic, the decline in its reserves appears to only have happened to Sri Lanka, while its other Asian countries have seen an increase in their reserve balances.
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International Monetary Fund
International Monetary Fund
Insights and analysis on the 2023 IMF programme.
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.
From The PF Wire
Source:
Economy Next
IMF to discuss Sri Lanka review timing with new go...
The IMF is eager to work with Sri Lanka's new President Dissanayake and will soon discuss the timing of the third program review, acknowledging the country’s progress in meeting key economic targets.
Read More
Source:
Daily Mirror
Sri Lanka to sign debt restructuring MoU with bila...
Sri Lanka plans to sign an MoU with the Official Creditor Committee of the Paris Club of Nations and the Export-Import Bank of China to restructure its debts before the completion of an IMF Executive Board review.
Read More
Source:
Economy Next
IMF says “strong expectation” on Sri Lanka deal wi...
Sri Lanka is making strides towards financial stabilization as it moves towards agreements with commercial creditors, including discussions with the International Monetary Fund (IMF). The IMF Communications Director, Julie Kozack, expressed...
Read More
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
Is the Pandemic the Sole Cause for the Depletion i...
Sri Lanka’s usable foreign reserves fell from USD 7,642 MN in 2019 to USD 1,579 MN by the end of 2021. When compared with
Read More
Uncovering Sri Lanka's Debt Trail: Who owns Sri La...
The chart below depicts the ownership of Sri Lanka's external debt as at end of Sept 2022.
Read More
Sanitary Napkins: Subjected to Unreasonably High T...
The total tax burden on Sanitary napkins is 47.1%, this is significantly higher than the tax burden of selected non-essentials items, gold jewelry, raw silk, golf clubs and gol...
Read More
