Sri Lanka: Technical Assistance Report-Preparing a Fiscal Risk Statement
Technical Assistance Reports, October 1, 2025
Source details
- Canonical URL
- Sri Lanka: Technical Assistance Report-Preparing a Fiscal Risk Statement
Other formats
Bibliographic details
- Published: October 1, 2025
- Series: Technical Assistance Reports
- DOI: https://doi.org/10.5089/9798229027816.019
Overview and Context
- The International Monetary Fund (IMF) and the World Bank Group (WBG) provided technical assistance to Sri Lanka to prepare a Fiscal Risk Statement (FRS) as part of its broader public financial management reforms.
- The assistance responds to a recent fiscal crisis; authorities have implemented reforms to mitigate fiscal risks.
- While the fiscal risk situation has improved, fiscal risks remain substantial in specific areas.
Key Findings on Fiscal Risks
- Fiscal risks in areas such as:
- macroeconomic shocks
- state-owned enterprises
- guarantees
- public-private partnerships
- financial sector
- natural disasters
remain substantial.
Recommendations and Implementation Priorities
- Establish clear roles and responsibilities for FRS preparation and related fiscal risk management.
- Enhance data quality and analysis to support the FRS.
- Plan clear public communication to ensure timely preparation of the 2025 FRS and to improve it over time.
Publication and Metadata
- Subject: Credit risk, Environment, Financial regulation and supervision, Fiscal risks, Macroeconomic risks, Natural disasters, Public financial management (PFM)
- Keywords: Ceylon petroleum corporation, communication, Credit risk, data availability, Fiscal risk statement, Fiscal risks, Global, government finance statistics manual, IMF's Fiscal Affairs Department, Macroeconomic risks, Natural disasters, reform strategy., resident representative, Sri Lanka deposit insurance
- Pages: 62
- Volume: 2025
- Issue: 085
- Series: Technical Assistance Report No. 2025/085
- DOI: https://doi.org/10.5089/9798229027816.019
- Stock No: TAREA2025085
- ISBN: 9798229027816
- ISSN: 3005-4575
International Monetary Fund. Fiscal Affairs Dept. "Sri Lanka: Technical Assistance Report-Preparing a Fiscal Risk Statement", Technical Assistance Reports 2025, 085 (2025).
Content in this bundle
- Preface — Mission objectives, composition, and workshop