IMF’s Primary Deficit Focus Deepens Sri Lanka’s Debt Crisis: Analyst
The International Monetary Fund’s (IMF) stringent focus on an arbitrarily set primary balance target in Sri Lanka’s budget is exacerbating the country’s debt.
Economics
Economics
Sri Lanka and IMF Discuss Critical Areas for Economic Program Success
Sri Lanka’s President Ranil Wickremesinghe met with International Monetary Fund (IMF) Mission Chief Peter Breuer and his team on Thursday to evaluate the.
- August 2, 2024
Economics
CBSL Projects Near 4% Economic Growth for SL in 2024
Sri Lanka is poised to achieve close to 4% economic growth by the end of 2024, continuing its positive momentum, according to Central.
- August 1, 2024
Economics
Sri Lanka’s CPI Up 2.4% in July; 22-Month Inflation Rises 2.8%
Sri Lanka’s consumer prices in the capital Colombo increased by 2.4% in the 12 months to July 2024. However, the central bank’s deflationary.
- August 1, 2024
Economics
ICCSL Engages IMF on SVAT Abolition Impact
The International Chamber of Commerce Sri Lanka (ICCSL) recently led a crucial meeting with representatives from Sri Lanka’s export sector and a team.
- July 30, 2024
Business
Sri Lanka RAMIS to Utilize NIC for Tax Collection, Seeks IT Partner
A ministerial sub-committee’s report on the ‘Effective RAMIS System Utilization’ has recommended using the national identity card (NIC) to identify individuals for tax.
- July 25, 2024
Economics
SJB to Back Public Finance Law, Opposes Economic Transformation Bill
Sri Lanka’s main opposition party, the Samagi Jana Balawegaya (SJB), has conditionally expressed support for the Public Finance Management Bill but opposes the.
- July 25, 2024
Economics
Sri Lanka’s Private Sector Credit Grows by Rs.146 B
Sri Lanka’s credit to the private sector has expanded by Rs. 146 billion in the first half of 2024, with a notable increase.
- July 25, 2024
Economics
Sri Lanka Approves IMF-Backed Anti-Corruption Agenda
Sri Lanka’s cabinet has approved a comprehensive ‘National Anti-Corruption Agenda’ incorporating findings from an International Monetary Fund (IMF) technical assistance report, as announced.
- July 24, 2024
Economics
Sri Lanka’s Net Debt Decreases in 2023 Despite Borrowing for Budget
Sri Lanka’s central government net debt decreased to 36.3 billion USD in 2023, down from 37.5 billion USD in 2022, despite borrowing 1.57.
- July 22, 2024