IMF Archives

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 […]

March 28, 2022

The International Monetary Fund (IMF) has published its Article IV Staff Report on Sri Lanka. The Article IV process included; a) a visit to Sri Lanka by an IMF staff team in December 2021 during which consultations were held with the Ministry of Finance (MoF) and the Central Bank of Sri […]

September 7, 2021

The virtual broadcast will see President Hichilema outline his plans to restore macro-economic stability to Zambia in conversation with the Chairman of Invest Africa LONDON, United Kingdom, September 6, 2021/ — The newly elected President of Zambia, H.E. Hakainde Hichilema, will address over 1000 global businesses and investors at Invest Africa (www.InvestAfrica.com)’s flagship […]

March 19, 2020

Focus on private sector and workers spearheaded by IFC to mitigate financial and economic impact of crisis The World Bank and IFC’s Boards of Directors approved today an increased $14 billion package of fast-track financing to assist companies and countries in their efforts to prevent, detect and respond to the rapid spread of COVID-19. The […]

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

The CBSL’s Comments on the IMF Article IV Report

Zambia’s new president, H.E. Hakainde Hichilema, to join the IMF, WHO and IFC at The Africa Debate next week

World Bank Group Increases COVID-19 Response to $14 Billion To Help Sustain Economies, Protect Jobs