IMF Staff Country Reports

Sri Lanka: Third Review Under the Extended Arrangement Under the Extended Fund Facility, Financing Assurances Review, and Monetary Policy Consultation Clause-Press Release; Staff Report; and Statement by the Executive Director for Sri Lanka

March 3, 2025

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International Monetary Fund. Asia and Pacific Dept "Sri Lanka: Third Review Under the Extended Arrangement Under the Extended Fund Facility, Financing Assurances Review, and Monetary Policy Consultation Clause-Press Release; Staff Report; and Statement by the Executive Director for Sri Lanka", IMF Staff Country Reports 2025, 056 (2025), accessed April 20, 2025, https://doi.org/10.5089/9798229003636.002

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Summary

Sri Lanka underwent a political transition with presidential and parliamentary elections in late 2024. The new authorities expressed commitment to the program. Reform efforts are bearing fruit with growth recovering, low inflation, increased revenue collection, and reserves accumulation. By end-2024, Sri Lanka’s real GDP is projected to have recovered about 40 percent of its loss incurred between 2018 and 2023. Nevertheless, the economy is still vulnerable, and restoration of debt and external sustainability depends on continued implementation of reforms.

Subject: Anti-money laundering and combating the financing of terrorism (AML/CFT), Credit, Crime, Money, Public debt, Revenue administration

Keywords: Anti-money laundering and combating the financing of terrorism (AML/CFT), COT. authorities, Credit, Global, IMF staff estimate, Staff appraisal, Tax concession, Tax exemption

Publication Details

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