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IMF Programme: Performance Evaluation (February 2024)
Sri Lanka verifiably failed to meet 33% of the commitments due by end-February 2024 in its International Monetary Fund (IMF) programme, according to the February update of Verité Research’s ‘IMF Tracker’. Many of these commitments that are classified as ‘not met’ on IMF Tracker were designed to improve governance. These include commitments related to publishing information (transparency), and those that require the passage of governance-improving legislation. The IMF has recognised poor governance as being at the heart of Sri Lanka’s economic crisis, and Sri Lanka is the first Asian country to have had an IMF-led Governance Diagnostic Assessment.
Featured Insight
IMF Programme: Performance Evaluation (February 2024)
Sri Lanka verifiably failed to meet 33% of the commitments due by end-February 2024 in its International Monetary Fund (IMF) programme, according to the February update of Verité Research’s ‘IMF Tracker’. Many of these commitments that are classified as ‘not met’ on IMF Tracker were designed to improve governance. These include commitments related to publishing information (transparency), and those that require the passage of governance-improving legislation. The IMF has recognised poor governance as being at the heart of Sri Lanka’s economic crisis, and Sri Lanka is the first Asian country to have had an IMF-led Governance Diagnostic Assessment.
Featured Insight
IMF Programme: Performance Evaluation (February 2024)
Sri Lanka verifiably failed to meet 33% of the commitments due by end-February 2024 in its International Monetary Fund (IMF) programme, according to the February update of Verité Research’s ‘IMF Tracker’. Many of these commitments that are classified as ‘not met’ on IMF Tracker were designed to improve governance. These include commitments related to publishing information (transparency), and those that require the passage of governance-improving legislation. The IMF has recognised poor governance as being at the heart of Sri Lanka’s economic crisis, and Sri Lanka is the first Asian country to have had an IMF-led Governance Diagnostic Assessment.
Featured Insight
IMF Programme: Performance Evaluation (February 2024)
Sri Lanka verifiably failed to meet 33% of the commitments due by end-February 2024 in its International Monetary Fund (IMF) programme, according to the February update of Verité Research’s ‘IMF Tracker’. Many of these commitments that are classified as ‘not met’ on IMF Tracker were designed to improve governance. These include commitments related to publishing information (transparency), and those that require the passage of governance-improving legislation. The IMF has recognised poor governance as being at the heart of Sri Lanka’s economic crisis, and Sri Lanka is the first Asian country to have had an IMF-led Governance Diagnostic Assessment.
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Defence and Public Order
Defence and Public Order
Recent trends and developments in government expenditure on defence.
Defence budget for uniforms and diets alone up by LKR 75 Bn
Based on the 2024 budget estimates, expenditure on uniforms and diets in the defence sector is projected to increase by a significant LKR 75 billion, a 258 percent rise compared to 2022.
From The PF Wire
Source:
Daily FT
Govt. signs $ 49 m jet upgrade deal with Israel Ae...
The Ministry of Defence in May signed a $ 49 million deal with Israel Aerospace Industries (IAI) to upgrade five Kfir fighter jets of the Sri Lanka Air Force (SLAF) No. 10 Squadron, it has been revealed.
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Source:
Daily News
Widows, parents of fallen soldiers to get Rs. 25,0...
President Gotabaya Rajapaksa has submitted a proposal to the Cabinet to pay a monthly allowance of Rs.25,000 to the living parents of married or deceased military personnel who had died or went missing in operational areas during the conflic...
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Insight on Defence and Public Order
Should Sri Lanka spend this much on defe...
In 2023, 15 years after the end of the wa...
Defence budget for uniforms and diets al...
Based on the 2024 budget estimates, expen...
How much Does Sri Lanka Allocate for the...
The allocation for...
Expenditure on the Police & Public Secur...
Has the Government Fulfilled its Policy...
The National Policy Framework: Vistas...
Budget 2021: Defence
The 2021 Budget Debate for the Ministry of Defence is happening today (3 Dec). This yea...
Expenditure on the Defence Sector (2010...
Featured
Sri Lanka’s Fitch Credit Rating has been downgrade...
Sri Lanka’s credit rating has been downgraded 7 times over the course of 7 years. 5 of those downgrades occurred since April 2020. In contrast, its regional peers have maintained their credit ratings. ...
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How Long Did Sri Lanka Take to Secure its Board Le...
Sri Lanka's debt restructuring process has been a topic of concern for many, with delays in reaching an agreement with the International Monetary Fund (IMF) causing worry among investors and policymakers alike. In this infographic, we take a closer look at the time taken betwee...
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The Problem with Procurement
Sri Lanka’s lack of compliance with the RTI Act and failure to meet IMF Commitments.Sri Lanka’s 2023 IMF Programme includes a commitment to disclose public pro...
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