IMF Archives - Lanka Business News

May 24, 2023

On March 20th 2023, the International Monetary Fund’s (IMF) Executive Board approved a four-year Extended Fund Facility (EFF) arrangement for Sri Lanka amounting to USD 2.9 billion. This was post the agreements with China and India – Sri Lanka’s biggest lenders for additional financial assistance and the first steps in getting Sri […]

January 27, 2023

Despite the remarkable resilience of our people, industries and enterprises, Sri Lanka’s economic outlook in 2023 – along with approximately 1/3rd of all countries according to the IMF – appears bleak. Worse yet is the fact that this economic fall from grace was entirely predicted for many years, even prior to the […]

July 1, 2022

The IMF team had constructive and productive discussions with the authorities on economic policies and reforms to be supported by an IMF Extended Fund Facility (EFF) arrangement. Significant progress was made, and discussions will continue virtually towards reaching a stafflevel agreement on the EFF arrangement in the near term. The objectives […]

From Resilience to Revival – Rebuilding Bigger, Better, Faster, More By The Joint Apparel Association Forum

Upholding the spirit of privatization essential to unlocking the true potential of RPCs

IMF Staff Concludes Visit to Sri Lanka