HomeSri Lanka NewsCeylon Chamber Applauds Government on IMF Review Success, Calls for Accelerated Reforms

Ceylon Chamber Applauds Government on IMF Review Success, Calls for Accelerated Reforms

Published on

The Ceylon Chamber of Commerce has commended the Government for successfully completing the third review under the IMF Extended Fund Facility (EFF) Arrangement, securing the IMF Board’s approval and subsequent disbursement. This milestone provides vital support for Sri Lanka’s economic recovery.

The Chamber is pleased that two key macroeconomic priorities outlined in its 10-Point Focused Plan (September 2024) have been realised:
1. Completion of external debt restructuring.
2. Implementation of credible fiscal policy changes in the 2025 National Budget.

As Sri Lanka enters the second half of its IMF programme, the Chamber urges the Government to accelerate structural reforms, including:
• Trade facilitation and a National Single Window.
• Advancing Digital ID and Digital Public Infrastructure.
• Enacting the Economic Transformation Act.
• Enhancing governance reforms and widening the tax net.

The Ceylon Chamber remains committed to supporting policies that drive sustainable economic growth.

LATEST NEWS

SriLankan Airlines Welcomes New Airbus A330-200 to Its Expanding Fleet

SriLankan Airlines marked a significant milestone today with the arrival of its newest fleet...

NDB Bank Partners with ABEC to Empower Students Pursuing Overseas Education

NDB Bank has further strengthened its commitment to enabling Sri Lankan students to pursue...

NDB Bank Launches Up-skilling Programme to Empower Women Entrepreneurs to Reach Global Markets

Taking a bold and future-focused step in the journey of empowering Sri Lankan women,...

Blue Ocean Group Signs Landmark Agreement with BOI to Propel National Development

Colombo, Sri Lanka — Blue Ocean Group of Companies has entered a landmark partnership...

MORE LIKE THIS

SriLankan Airlines Welcomes New Airbus A330-200 to Its Expanding Fleet

SriLankan Airlines marked a significant milestone today with the arrival of its newest fleet...

NDB Bank Partners with ABEC to Empower Students Pursuing Overseas Education

NDB Bank has further strengthened its commitment to enabling Sri Lankan students to pursue...

NDB Bank Launches Up-skilling Programme to Empower Women Entrepreneurs to Reach Global Markets

Taking a bold and future-focused step in the journey of empowering Sri Lankan women,...