IMF funding tops $ 1 b mark in reforming SL
Approves $ 252 m disbursement bringing total support to $ 1.014 b under Extended Fund Facility
IMF Executive Board concludes 2018 Article IV Consultation and completes 4th Review
Says Sri Lanka continues to make important progress under program
Highlights new Inland Revenue Act; energy re-pricing and flexible inflation targeting move as major achievements
Stresses reform momentum is critical to build resilience and boost sustainable growth
A robust fiscal rule and medium-term debt management strategy will help place debt firmly on downward path
Wants automatic pricing formula for electricity, further strengthening SOE governance and transparency
Says impact of the reforms on the vulnerable can be mitigated by ongoing efforts to strengthen social safety nets
Financ...
