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Sri Lanka's best kept secret
The lack of fiscal transparency is a key factor that contributed to the present crisis and loss of credibility of the government, both at home and abroad. Several commitments made by the government in its agreement with the International Monetary Fund (IMF), and several recommendations made by the IMF in its latest governance diagnostic on Sri Lanka, highlight the importance of improving fiscal transparency.
Featured Insight
Sri Lanka's best kept secret
The lack of fiscal transparency is a key factor that contributed to the present crisis and loss of credibility of the government, both at home and abroad. Several commitments made by the government in its agreement with the International Monetary Fund (IMF), and several recommendations made by the IMF in its latest governance diagnostic on Sri Lanka, highlight the importance of improving fiscal transparency.
Featured Insight
Sri Lanka's best kept secret
The lack of fiscal transparency is a key factor that contributed to the present crisis and loss of credibility of the government, both at home and abroad. Several commitments made by the government in its agreement with the International Monetary Fund (IMF), and several recommendations made by the IMF in its latest governance diagnostic on Sri Lanka, highlight the importance of improving fiscal transparency.
Featured Insight
Sri Lanka's best kept secret
The lack of fiscal transparency is a key factor that contributed to the present crisis and loss of credibility of the government, both at home and abroad. Several commitments made by the government in its agreement with the International Monetary Fund (IMF), and several recommendations made by the IMF in its latest governance diagnostic on Sri Lanka, highlight the importance of improving fiscal transparency.
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Financing
Financing
Insights and analysis on the financing of the budget deficit.
Quantifying grants received by Sri Lanka from 1973-2023
Since independence, Sri Lanka has been the recipient of bilateral and multilateral grants that have supported various initiatives, including knowledge transfers, health and education improvements, infrastructure development, and critical hum...
From The PF Wire
Source:
Economy Next
Sri Lanka given US$4.0bn dollars of support from I...
India has so far given Sri Lanka about 4.0 billion US dollars in financing in 2022, High Commissioner Gopal Bagley told reporters as a second consignment of fertilizer landed in Colombo financed by a credit line from his country....
Read More
Source:
Daily Mirror
IMF says Sri Lanka needs to talk with China about...
The International Monetary Fund (IMF) said Sri Lanka should kick off debt restructuring talks with its bilateral lender China, while the island state’s Government seeks a financing loan from the Washington-based fund.
Read More
Source:
Island
World Bank rules out bridging finance to Sri Lanka...
The World Bank has ruled out bridging finance or new loan commitments to crisis-hit Sri Lanka until the nation’s economy sets up an adequate macroeconomic policy framework. However, the WB has said that it is reshuffling the already al...
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Insight on Financing
Sri Lanka Has The Highest Inflation Amon...
Sri Lanka, amidst...
Central Bank of Sri Lanka Six Month Road...
In October 2021, the Central Bank governor announced a six-month roa...
Composition of Sri Lanka's Gross Officia...
The reported gross official reserves as of February 2022 stood at US...
Is the Pandemic the Sole Cause for the D...
Sri Lanka&rsquo...
Sri Lanka’s Short-Term Outflows Exceed U...
Sri Lanka’s gross official reserves...
Relief Package: What it Entails and How...
In response to rising living cost with inflation rate of 12.1%1...
Sri Lanka’s Fitch Credit Ratings Have Be...
Sri Lanka&rsquo...
Cost of Bilateral and Multilateral Loans
International S...
Physical Progress and Fund Utilization o...
Completion of development projects funded...
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Featured
Violation of Fiscal Rules: Budget 2024
The proposed 2024 budget violates the deficit rule set in the Fiscal Management (Responsibility) Law of 5% of GDP.
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Public debt grew more slowly in the first three qu...
Sri Lanka’s public debt rose at a slower pace in the first three quarters of 2024 compared to the same period in 2023. Whilst domestic debt and foreign increased, the growth was notably lower than in the previous year.
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May fuel price update: Petrol aligned with formula...
In May 2025, the prices of both Petrol 92 and Auto Diesel were reduced in Sri Lanka. Petrol 92 dropped by LKR 6 per litre, while Auto Diesel saw a more significant cut of LKR 12 per litre. This marks the fourth consecutive month in which the...
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