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Sri Lanka joined the International Monetary Fund on August 29, 1950. [1] Since June 1965, Sri Lanka has taken 16 loans from the IMF, with a total value of 3,586,000,000 SDR's. The most recent of these loans was agreed to in June 2016, with an agreed total of 1,070,780 SDR's, and 715,230,000 SDR's being withdrawn.
Sep 30, 2021 · Sri Lanka’s first attempt to borrow from the IMF under an SBA was by the Sri Lanka Freedom Party (SLFP) and Lanka Sama Samaja Party (LSSP) Coalition Government in 1964.
1 day ago · Sri Lanka's new leftist President Anura Kumara Dissanayake met with representatives from the International Monetary Fund (IMF) in October to discuss the bankrupt nation's controversial foreign debt deal. A picture of a meeting on October 2 where Dissanayake was absent, however, has been shared in social media posts that falsely claimed he skipped all the talks. He presided over the two ...
Oct 1, 2021 · By 1970, Sri Lanka’s repayment obligations to the IMF had become an important factor that contributed to high level of capital amortisation because of repetitive recourse to borrowing in the second half of the 1960s (Central Bank Annual Report 1971, p. 194).
Jun 13, 2024 · This web page provides information on official IMF reports and Executive Board documents in English that deal with Sri Lanka.
Jun 3, 2024 · This marks the 17th IMF program initiated by Sri Lanka, indicating a pattern of recurring reliance on IMF support. This post explores the underlying reasons for Sri Lanka’s repeated recourse to IMF assistance.
On November 18, 2016, the Executive Board of the International Monetary Fund (IMF) completed the first review of Sri Lanka’s economic performance under the program supported by a three-year extended arrangement under the Extended Fund Facility (EFF) arrangement.
