Sri Lanka is yet to meet eight key commitments it has made to the IMF, including reforms in loss-making state entities, said senior research analyst at Verite Research Sureni Weeratunga.

Also, financial transparency is yet to be fulfilled, she said.

Thirty eight out of 57 commitments were met by Sri Lanka by end August, said Weeratunga.


Key commitments also remain to be met this month in order to receive the second tranche of the IMF bailout loan, she said.

Among them is a report sought on governance review, the first required of an Asian country.



Cabraal alleges conspiracy


Meanwhile, former Central Bank governor Ajith Nivard Cabraal has alleged that a conspiracy had been plotted for months to declare Sri Lanka as a bankrupt nation.

He said so while testifying before a parliamentary committee that looks into the country’s insolvency.


The economy has ruined due to such claims, he said.


MP Wajira Abeywardena told the PSC that an intelligence investigation should be conducted into how the country came to be bankrupt.


MP S.B. Dissanayake said not even the cabinet had decided to make such a declaration.

In the meantime, the inaugural meeting to assess Sri Lanka’s progress regarding the implementation of the new economic reforms proposed by the IMF was held at the Presidential Secretariat on 14 September.

These discussions will be held over a period of two weeks and the final one will be held on 26 September under the patronage of president Ranil Wickremesinghe, the President’s Media Division said.

Representing the Sri Lankan government in this deliberation were minister of state for finance Shehan Semasinghe, president’s senior adviser on national security and chief of staff Sagala Ratnayaka, president’s secretary Saman Ekanayake, advisor to the president on economic affairs Dr. R.H.S. Samaratunga, finance ministry secretary Mahinda Siriwardena and Central Bank governor Dr. Nandalal Weerasinghe.

The IMF delegation included senior mission chief Peter Breuer, deputy mission chief Katya Svirydzenka, Mike Li, Sophia Zhang, Dmitriy Rozhkov, Noda Selim, Sandesh Dhungana, Nui Miao, Mark Adams (virtual), Joei Turkewitz and Nuong Lan Vu.


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