Sri Lanka needs to raise fiscal revenue to maintain stability, IMF says
Posted on August 5th, 2024

Courtesy CNA

Sri Lanka must make further efforts to raise fiscal revenue if it is to maintain macroeconomic stability and restore debt sustainability, the International Monetary Fund said on Friday, after wrapping up a staff visit to the country.

After September’s presidential election in the Indian Ocean nation, the global lender will discuss the timing for a review of progress in meeting key commitments as part of a US$2.9-billion bailout, the IMF said in a statement.

Leave a Reply

You must be logged in to post a comment.

 

 

Disclaimer: The comments contained within this website are personal reflection only and do not necessarily reflect the views of the LankaWeb. LankaWeb.com offers the contents of this website without charge, but does not necessarily endorse the views and opinions expressed within. Neither the LankaWeb nor the individual authors of any material on this Web site accept responsibility for any loss or damage, however caused (including through negligence), which you may directly or indirectly suffer arising out of your use of or reliance on information contained on or accessed through this Web site. All views and opinions presented in this article are solely those of the surfer and do not necessarily represent those of LankaWeb.com.

This entry was posted on Monday, August 5th, 2024. You can follow any responses to this entry through the RSS 2.0 feed. You can skip to the end and leave a response.

Copyright © 2024 LankaWeb.com. All Rights Reserved. Powered by Wordpress