Sri Lanka’s State Minister for Finance, Shehan Semasinghe, expressed optimism on Twitter (platform Twitter) ahead of the International Monetary Fund (IMF) board discussion on the second review of the Extended Fund Facility (EFF) and Article IV consultation, taking place today, June 12th, 2024. “We remain optimistic that our international partners will continue to support Sri
Sri Lanka’s economic recovery faces a hurdle as a critical review by the International Monetary Fund (IMF) approaches. Verité Research, a prominent Sri Lankan think-tank, raises concerns about the country’s progress on governance reforms, a cornerstone of the IMF program. In a report titled “IMF Tracker,” Verité Research reveals that Sri Lanka has demonstrably failed
President Ranil Wickremesinghe, speaking at the Wandala Sri Visuddaramaya in Karawanella, stressed the critical importance of adhering to International Monetary Fund (IMF) agreements to secure the country’s economic stability. He emphasized the need for unity and support for the proposed Economic Transformation Bill during a recent event, warning that breaching these agreements would jeopardize Sri
The International Monetary Fund (IMF) has scheduled a review of Sri Lanka’s economic program for June 12th. This review will assess the country’s progress on reforms and economic policies. “The session will evaluate Sri Lanka’s economic policies and reform progress,” stated State Minister for Finance Shehan Semasinghe. “We look forward to the continued support of
The central bank of Sri Lanka has highlighted the country’s ongoing recovery from economic challenges amidst global risks, emphasizing the crucial role of the International Monetary Fund (IMF) program in maintaining confidence and stability. According to the Monetary Policy Report released in February, the continuation of the IMF Extended Fund Facility (EFF) arrangement and the
Recent findings from the Institute for Health Policy (IHP) reveal a concerning trend in Sri Lanka’s consumer confidence, plummeting to its lowest levels since initiating the International Monetary Fund (IMF) program. According to data released on Friday, February 16, the Index of Consumer Sentiment (ICS) has dropped by 5 points to a mere 16 points