Govt., World Bank discuss Customs reforms amid pressure from IMF, US

THE President's Media Division (PMD) last Friday said that initial discussions were held on the Customs Modernisation Program with World Bank representatives, a key requirement under the ongoing International Monetary Fund (IMF) bailout program and tariff negotiations with the US, where Sri Lanka has pledged to improve governance.

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The discussion, chaired by Secretary to the President Dr. Nandika Sanath Kumanayake, was held on 15 August at the Presidential Secretariat.

The meeting included the Revenue Administration Reform and Modernisation Bureau, established under the instructions of President Anura Kumara Disanayake to oversee the program's implementation.

"The World Bank delegation commended the establishment of the Bureau and indicated its readiness to provide institutional support and expert guidance," the PMD said in a statement.

Talks also covered revisions to the Customs Ordinance. The Revenue Administration Reform and Modernisation Bureau is tasked with identifying policy and strategic changes for revenue agencies, including Sri Lanka Customs, the Inland Revenue Department, and the Excise Department, and presenting recommendations to the Government.

The World Bank delegation was led by Program Leader Shabih A. Mohib. Others present included Treasury Secretary Dr. Harshana Suriyapperuma, Revenue Administration Reform and Modernisation Bureau Director W.L.C.

Thilakasiri, as well as Customs officials and other representatives.