Sri Lanka forms committee to explore fresh IMF programme, President says
Summarised by AI from 2 articles
Presenting the 2027 budget in Parliament on 12 November 2026, President Anura Kumara Dissanayake said Sri Lanka's 17th International Monetary Fund (IMF) programme is scheduled to conclude in March 2027.
A committee has been appointed—or would be appointed, according to Hiru News—to study the suitability of entering another programme, submit a report, and decide what kind of programme to pursue.
Chaired by the Deputy Minister of Finance and Planning, the committee includes the Central Bank Governor, the Secretary to the Ministry of Finance, and economic experts.
Dissanayake said reserves must be strengthened against global shocks and natural disasters. He noted that the country had previously needed IMF assistance even to ascertain its debt.
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How the story developed
- EසිThis storyThe President specified the IMF programme concludes in March 2027 and detailed the committee's composition.
- தPresident Dissanayake announced the IMF programme's conclusion and appointed a committee to evaluate future options.
- EGovernment officials debated whether to pursue a successor program or exit the IMF arrangement.
- EThe Institute of Policy Studies recommended continued IMF engagement to manage the national debt overhang.
