Yahoo Web Search

Sign In

Search results

  1. www.imf.org › en › NewsIMF Executive Board Approves US$3 Billion Under the New ...

    Mar 20, 2023 · The IMF Board approved a 48-month extended arrangement under the Extended Fund Facility (EFF) of SDR 2.286 billion (about US$3 billion) to support Sri Lanka’s economic policies and reforms. The objectives of the EFF-supported program are to restore macroeconomic stability and debt sustainability, safeguarding financial stability, and stepping ...

  2. www.imf.org › en › NewsSri Lanka’s Economic Reform Program is Starting to ... - IMF

    Feb 22, 2024 · Sri Lanka turned to the IMF to contain the 2022 crisis and build a foundation for sustainable and inclusive growth. Together, the country and the IMF agreed on a comprehensive economic reform program to address the causes of the crisis and look after those hurt most by the crisis.

  3. thediplomat.com › 2024 › 07Sri Lanka’s Many IMF Programs: What’s Changed and What Hasn’t

    Jul 17, 2024 · The IMF’s $2.9 billion EFF program lays out major structural reforms required to restore long-term macroeconomic stability in Sri Lanka. How Sri Lanka Can Overcome Its Economic Crisis By Talal...

  4. thediplomat.com › 2023 › 12How Is Sri Lanka Navigating Its IMF Bailout Program?

    Dec 16, 2023 · This involves implementing a comprehensive tax reform package, including adjustments to corporate income tax, the elimination of firm-specific tax holidays, and changes to value-added tax (VAT)...

  5. apnews.com › article › sri-lanka-economic-crisis-imfCrisis-ridden Sri Lanka’s economic reforms are yielding ...

    Jan 19, 2024 · The International Monetary Fund says debt-stricken Sri Lanka’s economic reform program is yielding the first signs of recovery, but the improvements still need to translate into improved living conditions for its people.

  6. Videos

    View all

  7. www.imf.org › en › PublicationsSri Lanka: Request for an Extended Arrangement Under ... - IMF

    Mar 20, 2023 · Sri Lanka fell into an unprecedented crisis as a result of a series of shocks and policy missteps. Debt rose to unsustainable levels resulting from large fiscal imbalances, and access to international capital markets was lost soon after large tax cuts and the onset of the COVID-19.

  8. finance.yahoo.com › news › crisis-ridden-sri-lankasCrisis-ridden Sri Lanka's economic reforms are yielding ...

    Jan 19, 2024 · Sri Lanka has been struggling with an economic crisis since declaring bankruptcy in April 2022 with more than $83 billion in debt, more than half of it to foreign creditors.

  9. People also ask