The executive board of the International Monetary Fund (IMF) will decide on the adequacy of the ‘progress’ that is required in restructuring Sri Lanka’s foreign debt, in order to complete the first review of the island’s program with the…
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Bankrupt Sri Lanka's economic recovery was "not yet assured", the International Monetary Fund (IMF) warned Wednesday (27), after the first review of its $2.9 billion bailout aimed at restoring the island's finances
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The International Monetary Fund (IMF) is concerned about a shortfall in revenue collection by Sri Lanka’s government this year, though that is unlikely to derail a $2.9 billion loan program for the crisis-hit country, two Sri Lankan sources…
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Sri Lanka’s Parliament on Thursday (7) passed a bill to hike income tax that will force superannuation funds to agree to a restructuring of bonds in the Employment Provident Fund (EPF) and other pension funds
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Sri Lanka has ended a wheat import duopoly by abolishing import licences from Tuesday (29), and permitting flour imports again at a slightly reduced tax
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Cash-strapped Sri Lanka's economy showed "tentative signs of improvement" but recovery remains challenging and Colombo must pursue painful reforms, the International Monetary Fund (IMF) said Friday (2)
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Sri Lanka’s personal income tax hikes have hit economic activity in the first quarter though currency stability helped businesses cut prices, Hemas Holdings, a top consumer goods group said
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Sri Lanka has generated a primary budget surplus (deficit before interest payments) in the first quarter of 2023 exceeding an indicative target in a program with the International Monetary Fund (IMF), an official said
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Sri Lanka’s Veddah community, a minority indigenous group that never enjoyed political representation, has weighed in on an ongoing standoff between the government and trade unions over an International Monetary Fund (IMF)-backed tax hike
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The International Monetary Fund (IMF) took Sri Lanka’s $3 billion loan deal to YouTube to explain the objectives of the program amid rising opposition against higher taxes and ;privatizing; state assets
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