This web page presents information about the work of the IMF in Sri Lanka, including the activities of the IMF Resident Representative Office. Additional information can be found on the Sri Lanka and IMF country page, including IMF reports and Executive Board documents that deal with Sri Lanka.
At a Glance : Sri Lanka's Relations with the IMF
- Current IMF membership: 190 countries
- Sri Lanka joined the Fund in August 29, 1950
- Quota: SDR 578.8 million
- Outstanding Purchases and Loans: Stand-by Arrangements SDR 847.50 million
- 2021 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Sri Lanka
Sri Lanka and the IMF
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August 23, 2024
Series:Technical Assistance Report No. 2024/073
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Sri Lanka: Technical Assistance Report-Property Taxation at the National and Subnational Level
August 23, 2024
Series:Technical Assistance Report No. 2024/074
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IMF Staff Concludes Visit to Sri Lanka
August 2, 2024
The economic reforms implemented by the Sri Lankan authorities have continued to support the recovery with three consecutive quarters of real GDP growth, low inflation, increased revenue collection, and a build-up of external reserves.
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Transcript of IMF Press Briefing
July 11, 2024
MS. KOZACK: Good morning, everyone, both to those of you here in person and those joining us online. Welcome to this IMF Press Briefing. I'm Julie Kozack, Director of the Communications Department. As usual, this briefing is embargoed until 11:00 a.m. U.S. Eastern Time. Let me start with some announcements and then I will take your questions in person on Webex and via the Press Center.
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June 14, 2024
Good morning, everyone. I think we can start now. Good morning to those who are joining us from Sri Lanka and Asia. And good afternoon, good evening to those who are connecting from other parts of the world. Thank you very much for joining the IMF's press briefing on Sri Lanka's 2024 Article IV Consultation and the Second Review under the Extended Fund Facility, or the EFF, program.
April 29, 2024
Growth in Asia and the Pacific outperformed expectations in late 2023, reaching 5.0 percent for the year. Inflation has continued to decline, albeit at varying speeds: some economies are still seeing sustained price pressures, while others are facing deflationary risks.In 2024, growth is projected to slow modestly to 4.5 percent. Near-term risks are now broadly balanced, as global disinflation and the prospect of monetary easing have increased the likelihood of a soft landing. Spillovers from a deeper property sector correction in China remain an important risk, however, while geoeconomic fragmentation clouds medium-term prospects. Given the diverse inflation landscape, central bank policies need to calibrate policies carefully to domestic needs. Fiscal consolidation should accelerate to contain debt burdens and debt service cost, in order to preserve budgetary space for addressing structural challenges, including population aging and climate change.
Read the Report