IMF reviewing Sri Lanka budget documents

ECONOMYNEXT - The International Monetary Fund is assessing Sri Lanka's budget as part of the next review of the Extended Fund Facility, an official said.

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“... [S]taff are reviewing the published budget documents to evaluate whether the 2026 budget is in line with the program parameters,” Julie Kozack, Director, Communications Department at the IMF told reporters in Washington.

“And of course, this assessment will be an important part of the review that will be discussed by the Board in the coming weeks.”

Sri Lanka’s budget has been widely hailed as being fiscally prudent and maintaining policy stability.

Sri Lanka’s postwar growth has been stalled primarily due to lack of monetary stability, coming from a mid-corridor targeting (operational target) under flexible inflation targeting and also potential output targeting.