IMF Cautions Sri Lanka's Economic Recovery Still Faces Hurdles

Bankrupt Sri Lanka's economic recovery "not yet assured", IMF warns
Sri Lanka unable to meet revenue targets and ensure growth
Runaway inflation tamed but full recovery not guaranteed
State revenue still below expectations after taxes raised
IMF reviewing "financing assurances" from creditors on debt restructuring
Discussions underway to restructure bilateral and private debt after default

hindustantimes.com

Relevant topic timeline:

9/27/2023

Sri Lanka Fails IMF Review, Future Aid in Doubt as Reforms and Revenue Issues Persist

Sri Lanka suffered a setback after failing to reach an agreement with the International Monetary Fund (IMF) on its next bailout tranche, as the IMF stated that a full economic recovery is not yet in sight and urged the government to boost revenues through tax reforms and improved governance.

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Posted 9/27/2023, 12:42:11 PM