This is a prime opportunity for the IMF to prove its neutrality and humanity, despite being accused of playing politics on behalf of the West. The IMF has been criticized for its
Link to part 5 Conclusive remarks The IMF programme needs to be used to negotiate debt restructuring with commercial and multilateral creditors. It would create space to spend on priorities such as
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On July 1, Sri Lanka’s parliament approved, through a majority 122-62 vote, a plan to restructure the government’s domestic debt, which totalled 15.4 trillion Sri Lankan rupees at the end of March 2023.
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The common path followed by almost all IMF member countries in response to sovereign debt crises in recent decades,is to enter into an IMF supported stabilisation and structural adjustment programme. Sri Lanka
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Remarkably, during her visit to Ghana in late March 2023, US Vice President Kamala Harris announced that the US Treasury Department’s Office of Technical Assistance will ‘deploy a full-time resident advisor in 2023 to
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The International Monetary Fund (IMF) on Wednesday urged fiscal policymakers to adopt tighter fiscal policies to help central banks fight inflation. “Amid high inflation, tightening financing conditions, and elevated debt, policymakers should
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Sri Lanka’s seventeenth IMF agreement sealed last week may well prove to be the most devastating one of them all. The reason is that the agreement comes along with Sri Lanka having
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The IMF agreement is much more than the USD 3 billion that accompanies it. In the overall scheme of the country’s foreign debt (now estimated at around USD 48 Billion) and overall
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The Ceylon Chamber of Commerce congratulates the Government on securing the Extended Fund Facility (EFF) with the IMF. We appreciate the efforts of the Government led by the President, the Governor of
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Editorial Comment The International Monetary Fund (IMF) has been a key player in providing financial assistance to many countries worldwide, including Sri Lanka. While some may see this as a positive development,
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This is a prime opportunity for the IMF to prove its neutrality and humanity, despite being accused of playing politics on behalf of the West. The IMF has been criticized for its
More