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IMF Article IV Report – Key Issues and Recommendations
Under Article IV of the IMF's Articles of Agreement, IMF holds bilateral discussions with its member countries every year. In 2021 IMF held discussions with Sri Lanka officials and the report was completed on February 10th, 2022. Following is a summary of the key findings of the report under 5 distinct subsections.
Featured Insight
IMF Article IV Report – Key Issues and Recommendations
Under Article IV of the IMF's Articles of Agreement, IMF holds bilateral discussions with its member countries every year. In 2021 IMF held discussions with Sri Lanka officials and the report was completed on February 10th, 2022. Following is a summary of the key findings of the report under 5 distinct subsections.
Featured Insight
IMF Article IV Report – Key Issues and Recommendations
Under Article IV of the IMF's Articles of Agreement, IMF holds bilateral discussions with its member countries every year. In 2021 IMF held discussions with Sri Lanka officials and the report was completed on February 10th, 2022. Following is a summary of the key findings of the report under 5 distinct subsections.
Featured Insight
IMF Article IV Report – Key Issues and Recommendations
Under Article IV of the IMF's Articles of Agreement, IMF holds bilateral discussions with its member countries every year. In 2021 IMF held discussions with Sri Lanka officials and the report was completed on February 10th, 2022. Following is a summary of the key findings of the report under 5 distinct subsections.
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Recent trends and developments in government expenditure on the public health sector.
Sanitary Napkins: Subjected to Unreasonably High Taxes
The total tax burden on Sanitary napkins is 47.1%, this is significantly higher than the tax burden of selected non-essentials items, gold jewelry, raw silk, golf clubs and gol...
From The PF Wire
Source:
Sunday Times
Loss of Rs. 125m by giving PCR contract to a parti...
Disregarding average market prices, PCR testing kits had been bought from a bidder who quoted a higher price at the outbreak of the COVID-19 pandemic, thus causing a financial loss of more than Rs. 125 million, the Auditor General’s 20...
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Source:
Island
Germany pledges to convert EUR 13 MN loan into gra...
Strengthening the long-standing close partnership between Germany and Sri Lanka, the German government proposed to convert the supplementary loan obtained from the German KfW bank for completing the New Maternity Hospital (Teaching) Galle into a grant, Finance Ministr...
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Source:
Ceylon Today
Health Min failed to recover Rs 51M – COPA
The Health Ministry has failed to recover Rs 51 million from the contractor, who undertook the construction of the seven-storey Millennium Ward Complex at the Colombo South Teaching Hospital in Kalubowila, after the contactor failed to complete the work on time. This wa...
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Insight on Health
Sri Lanka’s health expenditure is laggin...
Sri Lanka’s public health expenditu...
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Featured
Exceptionalism of Domestic Debt Restructuring in S...
Sri Lanka's approach to Domestic Debt Restructuring (DDR) stands out in its specificity and methodology. Notably, the strategy is centred on restructuring superannuation funds and Central Bank Holdings. According to an IMF staff report t...
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Sri Lanka’s new personal income tax structure redu...
In his recent address to Parliament, the President announced proposed reforms to Sri Lanka’s Personal Income Tax (PIT) system. These changes include raising the tax-free monthly income threshold from LKR 100,000 to LKR 150,000, a...
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Flagging corruption in procurement!
A Corruption Red Flag System can help detect fraud in tenders, such as overpriced services and substandard medical supplies, by identifying high-risk deals where bidders are connected. Other countries have successfully used similar systems to prosecute corruption cases, but Sri Lanka lacks one du...
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