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Now showing items 191-200 of 201
Is the Pandemic the Sole Cause for the Depletion in Sri Lanka’s Foreign Reserves?
(Colombo: Verite Research, 2022-03-10)
Sri Lanka’s usable foreign reserves fell from USD 7,642 MN in 2019 to USD 1,579 MN by the end of 2021. When compared with Sri Lanka’s regional peers during the pandemic, the decline in its reserves appears to only have ...
Ownership of Sri Lanka’s Outstanding Foreign Debt in 2020
(Colombo: Verite Research, 2022-02-15)
Sri Lanka owes approximately 40% of its total central government debt to foreign creditors in the form of bilateral debt, multilateral debt and financial markets. The infographic shows the distribution of ownership of the ...
Relief Package: What it Entails and How Will it be Financed?
(2022-02-01)
In response to rising living cost with inflation rate of 12.1%1 in December 2021, the cabinet of ministers approved a relief package amounting to LKR 229 billion on the 3rd of January 2022. The following infographic depicts ...
Sources of Financing for Top 5 Ministries That Received the Highest Allocation in the 2022 Budget
(2022-01-25)
Based on the 2022 approved Budget estimates in 2020, 87% of government expenditure was financed via domestic sources and 13% was financed via foreign sources. In 2021 91% of expenditure is estimated to be financed domestically ...
Over Estimation of Social Security Contribution
(2021-12-10)
Budget 2022 proposed a Social Security Contribution (SSC) tax to rebuild the Sri Lankas Economy from the COVID- 19 pandemic. SSC is charged at 2.5% on an annual turnover exceeding LKR 120 million. This tax is proposed to ...
ETCA With India: Time to Shift Focus From Market Integration to Supply Chain Integration
(Colombo: Daily Mirror, 2023-04-27)
This article looks at; 1) what are global supply chains and why do they matter; 2) how new trade deals are focusing more on supply chain resilience than market access; 3) how current trade deals with India are focused on ...
Restructuring Domestic Debt Must Be Credible, Fast, Comprehensive
(Colombo: Daily Mirror, 2023-06-08)
With the possibility of restructuring domestic debt increasing, there are concerns about the impact of such a restructuring on the financial markets. A limited restructuring, in which only government debt held by the Central ...
30% of IMF Programme Commitments Due in April Not Met
(2024-05-16)
By the end of April 2024, Sri Lanka has not met 30% of its due commitments, which translates to a total of 19 unfulfilled obligations. The majority of these unmet commitments pertain to enhancing transparency and enacting ...
Why Tracking the IMF Programme Implementation is of Public Interest
(Colombo: Daily Mirror, 2023-05-25)
As Sri Lanka enters its 17th International Monetary Fund (IMF) programme, a critical question remains. Will the country break from the past patterns of inconsistency and failure in following the plan it lays out with the ...
The Need for Governance-Linked State-Contingent IMF Programmes: A Third Way for Sri Lanka
(Colombo: DailyFT, Colombo: Daily Mirror, Online: International Banker, 2023-04-27)
The recent sovereign default of Sri Lanka has once again brought attention to the effectiveness of the International Monetary Fund’s (IMF) Extended Fund Facility (EFF) approach. This programmes provides loans of short ...