The International Monetary Fund, with whom Sri Lanka has an ongoing Extended Fund Facility arrangement, called the recent approval of an …
Jun 042018
May 182018
Finance Minister Mangala Samaraweera had said that fuel prices in Sri Lanka will be revised every two months according to the Platts Singapore …
May 102018
Colombo: Sri Lanka hiked fuel prices Thursday by up to 130 per cent following pressure from the International Monetary Fund and its central bank to …
May 102018
Sri Lanka hiked fuel prices Thursday by up to 130 percent following pressure from the International Monetary Fund and its central bank to reduce the …
Apr 222018
“Subject to Cabinet approval of an automatic fuel pricing mechanism—consistent with the EFF-supported programme, the Board is expected to consider Sri Lanka’s request for the completion of the fourth review in June 2018”, Goretti said last Friday, after reaching a staff-level agreement following the …
Apr 212018
The IMF mission said, “Subject to cabinet approval of an automatic fuel pricing mechanism—consistent with the EFF-supported program, the Board is expected to consider Sri Lanka’s request for completion of the fourth review in June 2018. The measure would represent a major step towards completing …
Apr 212018
COLOMBO (Reuters) – Sri Lanka’s economic growth will rebound to 4 percent this year from a 16-year low in 2017, the International Monetary Fund (IMF) said late on Friday, but urged more reforms of state-owned enterprises (SOEs) to temper fiscal risks and bolster the nation’s defenses to external …
Apr 202018
The International Monetary Fund (IMF) has reached a staff-level agreement with the Sri Lankan authorities on the fourth review under an economic reform program supported by a three-year Extended Fund Facility (EFF) arrangement. All the end-December qua…
Jan 282018
ECONOMYNEXT – The International Monetary Fund and a governance activist has urged action after Sri Lanka was placed under scrutiny for falling short of global rules on combatting money laundering and terrorist financing. Sri Lanka was placed under ‘monitoring’ by a global body that promotes the …
Jan 132018
ECONOMYNEXT – The International Monetary Fund has asked Sri Lanka to lift a rule requiring exporters to bring back proceeds early, saying the restriction could harm exporters and may amount to a flow management measure (CFM). As a signatory to the IMF’s Article IV agreement Sri Lanka has to …