Sri Lanka panel explores if another IMF deal needed: President
Photo: EconomyNextAI summary · 1 min read
1 min readFrom 3 outlets- EconomyNext reports that the current IMF programme is scheduled to conclude in March 2027.
- EconomyNext reports that a committee chaired by the Deputy Minister of Finance and Planning will assess whether to pursue another programme and what form it should take.
- EconomyNext reports that the committee includes the Central Bank governor, the Finance Ministry secretary and economic experts.
- Ada Derana reports that the Deputy Finance Minister said another IMF agreement was likely.
EconomyNext reports that President Anura Kumara Dissanayake outlined the review while presenting Sri Lanka’s 2027 budget to Parliament. The current Extended Fund Facility with the International Monetary Fund is due to conclude in March 2027.
EconomyNext reports that the Cabinet appointed a committee led by the Deputy Minister of Finance and Planning to consider whether the country should enter another programme after March and, if so, which type. The panel includes the Central Bank governor, the Finance Ministry secretary and economic experts.
EconomyNext reports that Dissanayake said the government hoped to complete the current programme and was seeking to strengthen reserves amid uncertainty about the effects of global and natural disasters. The outlet also reports that his remarks came amid criticism from people who say government economic policies have not yet generated growth.
Ada Derana reports that the Deputy Finance Minister described another agreement with the IMF as likely. Its separate report says Dissanayake announced a committee review of the programme beyond March 2027 and set a public-debt target of 87% by 2032.
Your take
Be the first to reactDiscussion
Readers' views on this storyStory alerts
Get an email when an outlet reports something new on this story.
Compare the headlines
The same event, in each outlet’s own words. The order changes daily.
Earlier coverage
Reports on the same subject from the months before this story.
- Daily FT · IMF reaches staff-level agreement; $ 345 m tranche hinges on 2027 Budget
- EconomyNext · Sri Lanka, IMF in talks over new “long term growth targeted” deal after March 2027: Minister
- Daily FT · Sri Lanka and IMF discussing options for post-EFF program: Govt.
- EconomyNext · Sri Lanka President says exploring growth-oriented new IMF deal
- Daily Mirror · Too early to decide on extending IMF agreement: Nalinda