Hirunews Logo
HiruNews
HiruNews
HiruNews
IMF+Informs+Sri+Lanka+To+Limit+Tax+Liberalization
Thursday, 16 June 2016 - 11:45
IMF Informs Sri Lanka To Limit Tax Liberalization
32

Shares
3,936

Views

The International Monetary Fund says that the three-year, 1.5 billion dollar loan it approved on June 3rd for Sri Lanka under the Extended Fund Facility to support the country's economic reform agenda will help Sri Lanka navigate macroeconomic policy adjustments and a more difficult external environment.

Surging imports, falling exports, slowing remittances, tepid foreign direct investment, and a steady outward march of capital from government securities markets gave rise to macroeconomic imbalances.

According to the IMF, the government's strategy to address short-term imbalances and medium-term challenges rests on six pillars: Fiscal consolidation, Revenue mobilization, Public financial management, State enterprise reform, Enhancing monetary policy, and Trade and investment facilitation.

Make a Comment
Make a Comment

DOWNLOAD HIRUNEWS APP ON ANDROID & APPLE
HiruNews
Thursday, 16 August 2018 - 16:24
Mangroves play a critical role in maintaining the ecological balance in Sri Lanka's coastal areas.However, some money-hungry people do not understand this.Our... Read More
HiruNews
News Image
Hiru News Programme Segments
HiruNews
HiruNews
HiruNews
HiruNews
HiruNews
HiruNews
HiruNews
HiruNews
HiruNews
891 Views
HiruNews
HiruNews
HiruNews
550 Views
HiruNews
HiruNews
HiruNews
5,949 Views
HiruNews
HiruNews
HiruNews
13,291 Views
HiruNews
HiruNews
HiruNews
138 Views
HiruNews
HiruNews
HiruNews
41,520 Views
Top