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

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   Feb 22, 2024 · Sri Lanka will need to resolutely implement reforms to help achieve a complete recovery. IMF financing has helped avoid more severe outcomes, as we witnessed in 2022 before the IMF program when government spending was more than twice its revenue.

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

   thediplomat.com › 2024 › 07

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   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...

3. Videos

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     Sri Lanka's IMF bailout agreement | Inside Story

     21 Mar 2023

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     Sri Lanka secures long-awaited US$2.9 billion IMF bailout after China-backed debt-restructuring plan

     21 Mar 2023

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     Breaking down Sri Lanka's first IMF bailout: Is it the solution or the start of more problems?

     25 Mar 2023

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4. island.lk › lanka-could-face-severe-implicationsLanka could face severe implications if current policies ...

   island.lk › lanka-could-face-severe-implications

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   Aug 18, 2024 · ECONOMYNEXT – Sri Lanka could face severe implications if it reverses current International Monetary Fund (IMF)-backed policy reforms, a top Central Bank official said amid the island nation’s opposition politicians’ vow to amend the IMF deal.

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

   www.imf.org › en › News

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   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 ...

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

   thediplomat.com › 2023 › 12

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   Dec 16, 2023 · Sri Lanka received permission from the IMF board for an extended financial arrangement in March 2023, following months of discussions. The latest IMF bailout program is having an impact on...

7. www.imf.org › en › PublicationsSri Lanka: First Review Under the Extended Arrangement ... - IMF

   www.imf.org › en › Publications

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   Dec 12, 2023 · As part of the IMF-supported arrangement Sri Lanka has undertaken significant reforms to pave the way out of a deep economic and debt crisis. The economy is showing tentative signs of stabilization, supported by rapid disinflation and a significant fiscal adjustment.

8. People also ask

   Why did Sri Lanka turn to the IMF?

   • 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.

   Sri Lanka’s Economic Reform Program is Starting to Work—Keep at It for

   www.imf.org/en/News/Articles/2024/03/01/022224oped-srilanka-economic-reform-program-is-starting-to-work

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   How well did Sri Lanka perform under the IMF extended fund facility?

   • The IMF Board completed the first review under the 48-month Extended Fund Facility with Sri Lanka, providing the country with access to SDR 254 million (about US$337 million) to support its economic policies and reforms. Sri Lanka’s performance under the program was satisfactory.

   IMF Country Report No. 23/408

   www.elibrary.imf.org/downloadpdf/journals/002/2023/408/002.2023.issue-408-en.pdf

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   What is the 17th IMF assistance program in Sri Lanka?

   • Sri Lanka is currently undergoing its 17th IMF assistance program, having previously participated in 16 of them. On March 20, 2023, the IMF approved a 48-month Extended Fund Facility (EFF) for SDR 2.286 billion (about $3 billion) in order to assist Sri Lanka’s economic policies and reforms. There are six objectives listed in the 17th IMF program.

   How Is Sri Lanka Navigating Its IMF Bailout Program?

   thediplomat.com/2023/12/how-is-sri-lanka-navigating-its-imf-bailout-program/

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   How many IMF programs does Sri Lanka have?

   • To date, Sri Lanka has engaged in 17 IMF programs. The most recent of these initiatives is the Extended Fund Facility approved in 2023. A critical evaluation of the policy objectives within these programs reveals recurring themes as well as unique aspects specific to each intervention. Key Factors Behind the 5 Most Recent IMF Programs

   Sri Lanka’s Many IMF Programs: What’s Changed and What Hasn’t

   thediplomat.com/2024/07/sri-lankas-many-imf-programs-whats-changed-and-what-hasnt/

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   Does the IMF bailout program affect Sri Lanka's economic problems?

   • The latest IMF bailout program is having an impact on the ongoing approaches to resolving Sri Lanka’s economic problems. The recent policy modifications pertaining to the bailout program are examined in this article. Sri Lanka joined the IMF as its 50th member on August 29, 1950.

   How Is Sri Lanka Navigating Its IMF Bailout Program?

   thediplomat.com/2023/12/how-is-sri-lanka-navigating-its-imf-bailout-program/

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   When was Sri Lanka first aided by the IMF?

   • However, on June 15, 1965, Sri Lanka signed a $30 million standby agreement, marking the island nation’s first IMF assistance request. Sri Lanka is currently undergoing its 17th IMF assistance program, having previously participated in 16 of them.

   How Is Sri Lanka Navigating Its IMF Bailout Program?

   thediplomat.com/2023/12/how-is-sri-lanka-navigating-its-imf-bailout-program/

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9. www.elibrary.imf.org › downloadpdf › journalsIMF Country Report No. 23/408

   www.elibrary.imf.org › downloadpdf › journals

   supports Sri Lanka’s efforts to restore macroeconomic stability and debt sustainability, safeguard financial stability, and enhance growth-oriented structural reforms. Following the Executive Board discussion on Sri Lanka, Mr. Kenji Okamura, Deputy Managing