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IMF Tracker Update: December 2023
(2024-01)
The International Monetary Fund (IMF) has published its evaluation of Sri Lanka’s performance in the first phase or ‘first term’ of the ongoing Extended Fund Facility (EFF) programme, which commenced in March 2023. Verité ...
IMF Tracker Update: September 2023
(Verité Research, 2023-10)
The purpose of this analysis is to ensure that VR’s IMF Tracker can be used more effectively to raise public awareness on the monitoring of public finance. The analysis will feed into enhancing public participation and ...
IMF Tracker Update: February 2024
(Colombo: Verite Research, 2024-03)
Sri Lanka verifiably failed to meet 33% of the commitments due by end-February 2024 in its International Monetary Fund (IMF) programme, according to the February update of Verité Research’s ‘IMF Tracker’. Many of these ...
China Endorses Sri Lanka Debt Plan
(Colombo: Verite Research, 2023-03-09)
China has given its approval to Sri Lanka's plan to restructure its international debt, clearing the path for a loan via the IMF's Extended Fund Facility (EFF).
IMF Programme Progress
(Colombo: Verite Research, 2023-05-18)
The infographic covers three points; 1) the IMF analysis projects a decline in Sri Lankas debt to GDP; 2) effective interests rates to decline; and 3) progress on IMF commitments.
"Sugar Scam” is Not the Whole Iceberg: “Forestalling” Needs a Rule-of-Law Solution
(Colombo: Daily Mirror, 2023-11-09)
On 14 October 2020, taxes on imported sugar were slashed overnight from LKR 50 to LKR 25 cents per kilogram. That is a reduction of 99.5%. This led to much discussion in media and parliament about the large undue profits ...
For Sri Lanka, a Governance-Linked Bond Might Just Be the Ticket
(Colombo: Daily Mirror, 2023-12-21)
It is a truth universally acknowledged that if Sri Lanka under-performs on its governance corrections, it will underperform on its economic recovery also (with apologies to Jane Austen), the first provides the foundation ...
Restoring Economic Stability in Sri Lanka: An Overview of the IMF Extended Fund Facility
(Colombo: Daily Mirror, 2023-04-13)
On March 20, 2023, the International Monetary Fund (IMF) Board approved Sri Lanka's 17th IMF programme, under the Extended Fund Facility (EFF) arrangement, aimed at addressing the significant economic challenges faced by ...
The Debt Digest - March 2023
(Colombo: Daily Mirror, 2023-03-16)
The Debt Digest by Verité Research provides analytical commentary on the latest developments in Sri Lanka’s debt crisis. A key milestone in Sri Lanka’s path to recovery was the staff-level agreement with the IMF in September ...
Verite Research Debt Update - February 2023
(Colombo: Verite Research, 2023-02)
This issue provides coverage and analysis on the financial assurance letters issued by China, India, The Paris Club and a group of private bond holders to the IMF on their commitment to support Sri Lanka’s debt restructuring ...