Hirunews Logo
IMF+Informs+Sri+Lanka+To+Limit+Tax+Liberalization
Thursday, 16 June 2016 - 11:45
IMF Informs Sri Lanka To Limit Tax Liberalization
28

Shares
3,443

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
Heavy snow across the globe
Friday, 13 January 2017 - 9:29
Many countries are experiencing heavy snow, foreign media states. The temperature in England, Scotland, North Ireland and Wales has hit minus 10 degrees... Read More
News Image
Hiru News Programme Segments
603 Views
1,040 Views
2,270 Views
1,735 Views
10,109 Views
44,582 Views
Top