Sri Lanka’s Many IMF Programs: What’s Changed and What Hasn’t

Quick Summary:

Comparing the similarities and differences in Sri Lanka’s five latest agreements with the IMF highlights the country’s economic trajectory since 2001.

This analysis spans the five most recent IMF programs: the Standby Arrangement (SBA) in 2001, the Extended Fund Facility (EFF) and Extended Credit Facility (ECF) in 2003, another SBA in 2009, the EFF in 2016, and the most recent EFF in 2023.

Each program was launched in response to specific economic challenges faced by Sri Lanka, ranging from fiscal deficits and currency devaluation to post-war reconstruction and the impacts of global financial crises.

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Article Details

Author / Journalist: Tharindu Udayanga Kamburawala

Category: Economy

Markets: United StatesAustraliaBangladeshBhutanChinaHong KongIndiaNorth KoreaSouth KoreaPakistanSri Lanka

Topics: Programs Program Fund Policy Facility Fiscal Objectives Economic Lanka Recent Extended

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-07-17 @ 23:22:00 (3 days ago)

News Timezone: GMT +8:00

News Source URL: thediplomat.com

Language: English

Article Length: 2372 words

Reading Time: 14 minutes read

Sentences: 119 lines

Sentence Length: 20 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © The Diplomat

News ID: 21695301

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Official Website: thediplomat.com

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