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Executive summary
Publication date: 26 March 2024
Expert Briefings Powered by Oxford Analytica

SRI LANKA: Rate cuts show concern with growth

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DOI: 10.1108/OXAN-ES286091

ISSN: 2633-304X

Keywords

Geographic
Sri Lanka
AP
IMF-World Bank
Topical
economy
growth
monetary
policy
prices
banking
finance
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Expert briefing
Publication date: 22 December 2023
Expert Briefings Powered by Oxford Analytica

According to the constitution, the next presidential election must take place in September-October 2024, but parliamentary polls are not due until 2025. Wickremesinghe is heavily…

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Expert briefing
Publication date: 4 October 2023
Expert Briefings Powered by Oxford Analytica

The bailout’s second tranche cannot be released until the review is complete. Separately, the government is battling accusations that it is protecting individuals who helped…

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Expert briefing
Publication date: 2 June 2023
Expert Briefings Powered by Oxford Analytica

Sri Lanka must attend to debt restructuring as part of its four-year, USD3bn bailout programme with the Fund. The Fund’s Executive Board approved the bailout in March, roughly ten…

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Expert briefing
Publication date: 21 December 2021
Expert Briefings Powered by Oxford Analytica

Sri Lanka’s foreign exchange (forex) reserves fell to USD1.6bn at end-November, enough to finance only about one month’s imports. Colombo has in recent years relied on…

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Expert briefing
Publication date: 4 August 2021
Expert Briefings Powered by Oxford Analytica

The government nevertheless remains under pressure from domestic critics and external stakeholders because of dwindling foreign exchange (forex) reserves and a growing debt…

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Expert briefing
Publication date: 4 August 2022
Expert Briefings Powered by Oxford Analytica

At least part of the support would be from the Fund’s new Resilience and Sustainability Trust (RST). Several media reports have described Dhaka’s move as a request for a bailout…

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Expert briefing
Publication date: 24 October 2018
Expert Briefings Powered by Oxford Analytica

The country is struggling with a widening current account deficit and debt problems associated with mega investment projects. The National Unity Government (NUG) signed a free…

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