High-Level Summary Technical Assistance Reports

Preparing a Fiscal Risk Statement: Sri Lanka

By Guohua Huang, Matt Crooke, Sebastian Essl, Marie-Helene Le Manchec, Raju Sharan

October 1, 2025

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Format: Chicago

Guohua Huang, Matt Crooke, Sebastian Essl, Marie-Helene Le Manchec, and Raju Sharan. "Preparing a Fiscal Risk Statement: Sri Lanka", High-Level Summary Technical Assistance Reports 2025, 037 (2025), accessed November 7, 2025, https://doi.org/10.5089/9798229028097.029

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Summary

The International Monetary Fund (IMF) provided technical assistance to Sri Lanka to prepare a Fiscal Risk Statement (FRS) as part of its broader public financial management reforms. In response to the recent fiscal crisis, the authorities have implemented reforms to mitigate fiscal risks. While fiscal risk situation has improved, fiscal risks in areas such as macroeconomic shocks, state-owned enterprises, guarantees, public-private partnerships, financial sector, and natural disasters remain substantial. Recommendations focused on establishing clear roles and responsibilities, enhancing data quality and analysis, planning clear public communication to ensure timely preparing the 2025 FRS and improving it over time.

Subject: Environment, Fiscal risks, Macroeconomic risks, Natural disasters, Public debt, Public financial management (PFM)

Keywords: Capacity development recipient, Communication, Data availability, Fiscal Risk Statement, Fiscal risks, Imf publication, Macroeconomic risks, Natural disasters, Reform strategy, Report series, Staff of the International Monetary Fund, Technical assistance report

Publication Details

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