Govt. confident of fulfilling all IMF commitments by September

State Finance Minister Ranjith Siyambalapitiya said Sri Lanka will fulfil all the agreement with the International

Monetary Fund (IMF) before the first review of the US$ 3 billion programme that is scheduled for September.
The Minister stated that although some people have accused that out of 62 agreements made with the IMF, only 25 agreements have been fulfilled so far, the Central Bank has appointed a committee for that purpose, and according to them, the action plan is moving forward with the timeline.

Colombo-based think tank Verité Research using a newly launched online tool called ‘The IMF Tracker’ said as at end March, Sri Lanka had been able to meet only 25 percent of the trackable programme commitments of the IMF programme, while failing on one.

According to Verité, the failed commitment is the establishment of an online transparency platform. 
“This platform is expected to publish, on a semi-annual basis, information related to (i) all significant public  procurement contracts, (ii) a list of all firms receiving tax exemptions through the Board of  Investment, and (iii) a list of individuals and firms receiving tax exemptions on luxury vehicle imports. 

It was due by 1 March 2023, but not met even by the end of that month. Lack of Information is also a concern. As at end March, 9 percent of the identified commitments had their progress status in the tracker classified as ‘unknown’. This means the information required to make an assessment was not available,” it said in a statement.