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Sri Lanka met 29 IMF commitments and failed 3 by end-May
Sri Lanka had met 29 of the 100 trackable commitments of the International Monetary Fund (IMF) programme and had failed on three as of the end of May 2023, according to ‘The IMF Tracker’ dashboard of Verité Research.
Featured Insight
Sri Lanka met 29 IMF commitments and failed 3 by end-May
Sri Lanka had met 29 of the 100 trackable commitments of the International Monetary Fund (IMF) programme and had failed on three as of the end of May 2023, according to ‘The IMF Tracker’ dashboard of Verité Research.
Featured Insight
Sri Lanka met 29 IMF commitments and failed 3 by end-May
Sri Lanka had met 29 of the 100 trackable commitments of the International Monetary Fund (IMF) programme and had failed on three as of the end of May 2023, according to ‘The IMF Tracker’ dashboard of Verité Research.
Featured Insight
Sri Lanka met 29 IMF commitments and failed 3 by end-May
Sri Lanka had met 29 of the 100 trackable commitments of the International Monetary Fund (IMF) programme and had failed on three as of the end of May 2023, according to ‘The IMF Tracker’ dashboard of Verité Research.
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ADB, World Bank leads as Sri Lanka gets US$1.5bn in loans in 2023
In the nine months leading up to September 2023, Sri Lanka received a total of 1.5 billion US dollars from its foreign creditors. The Asian Development Bank (ADB) was the largest contributor, disbursing 529 million US dollars, followed by the World Bank with 442.8 million US dollars and the Inter...
2023-12-04
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Rs. 700 b tourism debt bomb ticking
The Sri Lankan tourism industry is facing a dire situation with an outstanding debt of Rs. 700 billion, described by analysts as 'unsustainable' and in need of urgent attention from the Government and the banking sector. During a pre...
2023-11-13
Daily Ft
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Sri Lanka official remittances up 46-pct in October on improved exchange rate policies
In October 2023, Sri Lanka's official remittances surged to $517.4 million, a 46% increase from a year prior, attributed to improved exchange rates and expatriates sending more earnings. Despite this rise, official remittances have decre...
2023-11-11
Economy Next
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Sri Lanka jacks up sugar price sharply after failing to meet IMF revenue target
Sri Lanka has increased the special commodity levy (SCL) on sugar from 0.25 rupees to 50 rupees as of November 2, as per a government document signed by President Ranil Wickremesinghe in his capacity as Finance Minister. This move comes afte...
2023-11-06
Economy Next
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Govt. hikes VAT to 18% to meet revenue targets set by IMF
The government has announced a VAT rate increase from 15% to 18% effective from January 1, 2024, to meet revenue targets set by the International Monetary Fund (IMF). Despite a significant 51% increase in tax receipts during the first nine m...
2023-11-01
Daily Ft
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