The International Monetary Fund (IMF) has raised concerns about the elevated uncertainty surrounding the global economic outlook, citing the potential impact of elections and policy changes. In its latest World Economic Outlook (WEO) report, titled “Policy Pivot, Rising Threats,” the IMF noted that nearly half of the world’s population is either going to the polls
Sri Lanka’s rupee opened at a stronger rate of 304.20/50 against the US dollar on Tuesday, improving from 304.25/75 the previous day. In tandem, bond yields also experienced a decline for the second consecutive day following the elections. The indicative quote for a bond maturing on May 1, 2027, was recorded at 12.60/80 percent, down
Sri Lanka’s ongoing economic recovery program is showing positive results, according to an International Monetary Fund (IMF) spokesperson. The IMF’s next program review and discussions will take place after the formation of a new government following upcoming elections, spokesperson Julie Kozack stated. Kozack noted key economic improvements, including a revival in growth, declining inflation, better