Sri Lanka failed 2 IMF commitments and met 25 by end-April

Abstract

By the end April 2023, Sri Lanka had fulfilled 25% of its trackable commitments under the IMF program. Sri Lanka fell short on two commitments that were expected to be fulfilled by April 2023. The first of these is related to the increase in betting and gaming levies. The amendment to increase the levies were made public on April 4, 2023. However, the amendment has yet to be debated in parliament, indicating a delay in the process. The second failed commitment pertains to gaining parliamentary approval on the central bank bill. Like the betting and gaming amendment bill, this bill was also made public on March 7, 2023 but is yet to be debated and approved by parliament.