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IMF: Sri Lanka on course for 2027 market return

Published

3 days ago

2026/09/24

SL to regain access to international financial and capital markets next year in line with IMF projections

Sri Lanka is on course to regain access to international financial and capital markets around 2027, in line with the International Monetary Fund’s (IMF) current economic projections, IMF Mission Chief Evan Papageorgiou said yesterday.

Papageorgiou said the IMF’s core assumptions under Sri Lanka’s economic programme continued to envisage the country returning to international capital markets in 2027.

“Our previous assumption that Sri Lanka will go back to capital markets still stands. We still have a good trajectory to achieving this in 2027 or thereabouts, and that should be the goal,” he said.

Papageorgiou stressed that Sri Lanka could not rely solely on domestic sources of financing to build long-term economic resilience and would need a diversified funding strategy.

“Every country needs to have a good ability to access funds both in domestic markets, as it already has, as well as international markets for eurobonds and other modes,” he said.

He said a return to international capital markets would have significant implications for Sri Lanka’s external debt composition, while strengthening foreign exchange reserves would remain essential as the country prepares to meet future debt-servicing obligations.

The IMF’s assessment comes amid improving international investor sentiment towards Sri Lanka and positive developments in the country’s sovereign credit ratings.

Papageorgiou cited Fitch’s recent upgrade of Sri Lanka’s credit rating as a positive development, saying global investors were increasingly viewing the country from a more constructive perspective.

Sri Lanka remains under the IMF’s Extended Fund Facility (EFF) programme, which is scheduled to continue until March 20, 2027. Regaining access to international capital markets remains a key milestone under the country’s broader economic recovery.

The IMF has stressed the importance of rebuilding Sri Lanka’s foreign exchange buffers and maintaining stability in domestic financial markets as the country approaches substantial external debt repayments.

A sustained improvement in these areas would help strengthen the country’s capacity to return to international markets while safeguarding macroeconomic stability, the IMF has indicated.

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Landslide Early Warnings issued to the districts of Colombo, Galle, Gampaha, Hambanthota, Kalutara, Kandy, Kegalle, Kurunegala, Matara, Nuwara Eliya and Ratnapura

Published

12 hours ago

2026/09/26

Priyan

The National Building Research Institute has issued landslide early warnings to the districts of Colombo, Galle, Gampaha, Hambanthota, Kalutara, Kandy, Kegalle, Kurunegala, Matara, Nuwara Eliya and Ratnapura from 16:00 hrs on 25.09.2026 To 16:00 hrs on 26.09.2026

Accordingly,
LEVEL III [RED] landslide early warnings have been issued to the Divisional Secretaries Divisions and surrounding areas of Neluwa, Nagoda, Niyagama and Thawalama inthe Galle district, Ganga Ihala Korale, Udapalatha, Doluwa and Pasbage Korale in the Kandy district, and Kothmale West, Ambagamuwa, Kotmale East and Norwood in the Nuwara Eliya district.

LEVEL II [AMBER] landslide early warnings have been issued to the Divisional Secretaries Divisions and surrounding areas of Elpitiya, Baddegama and Karandeniya in the Galle district, Walallawita in the Kalutara district, Deltota, Udunuwara, Gangawata Korale, Yatinuwara and Panvila in the Kandy district, Aranayake, Dehiowita, Mawanella, Deraniyagala and Yatiyanthota in the Kegalle district, Thalawakelle in the Nuwara Eliya district and Ratnapura and Pelmadulla in the Ratnapura district.

LEVEL I [YELLOW] landslide early warnings have been issued to the Divisional Secretaries Divisions and surrounding areas of Seethawaka and Padukka in the Colombo district, Attanagalla and Mirigama in the Gampaha district, Katuwana and Walasmulla in the Hambanthota district, Ingiriya and Bulathsinhala in the Kalutara district, Hatharaliyadda, Poojapitiya, Medadumbara, Kundasale, Ududumbara, Thumpane, Akurana, Pathadumbara, Harispattuwa and Pathahewaheta in the Kandy district, Warakapola, Bulathkohupitiya, Galigamuwa, Kegalle and Ruwanwella in the Kegalle district, Mallawapitiya, Alawwa, Polgahawela and Mawathagama in the Kegalle district, Pitabeddara, Kotapola and Pasgoda in the Matara district, Nuwara Eliya in the Nuwara Eliya district and Elapatha, Ayagama, Nivithigala, Kuruwita and Kalawana in the Ratnapura district

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22A, Judicature Amendment Bills passed with 2/3 majority

Published

13 hours ago

2026/09/26

Thilina Walpola

Parliament yesterday passed the Twenty-Second Amendment to the Constitution Bill and the Judicature (Amendment) Bill with two-thirds majorities, with 158 MPs voting in favour and 63 against each Bill.

The Illankai Tamil Arasu Kadchi (ITAK) and Sri Lanka Muslim Congress (SLMC) voted with the SJB against the Bills.

NDF MPs Ravi Karunanayake and Faizer Musthapha and SJB Badulla District MP Nayana Wasalathilaka were not present when the votes were taken.

The final vote on the Judicature (Amendment) Bill was announced at around 8.08 p.m. after Opposition MPs called for divisions on its clauses during the Committee Stage.

The votes followed a two-day debate which commenced on Thursday (24), after Justice and National Integration Minister Harshana Nanayakkara presented the Bills for their Second Reading.

The Supreme Court’s determination on the Bills was presented to Parliament on Tuesday (22) by Speaker Dr Jagath Wickramaratne. The Court determined that the 22nd Amendment Bill did not require approval at a referendum and could be passed by a special two-thirds majority in Parliament.

The amendment provides for raising the mandatory retirement age of Supreme Court judges from 65 to 67 and that of Court of Appeal judges from 63 to 65. It also provides for the Chief Justice to retire at 67 or after completing six years in office, whichever comes earlier.

The Speaker informed Parliament that the Judicature (Amendment) Bill could be passed by a simple majority.

The SJB opposed the legislation and its MPs attended Parliament dressed in black yesterday. The party also staged a protest at Polduwa Junction, Battaramulla, under the theme “No to 22, which destroys democracy”, with Opposition Leader Sajith Premadasa and several SJB politicians participating.

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TIN mandatory for key transactions from Nov. 1

Published

13 hours ago

2026/09/26

Thilina Walpola

A valid Taxpayer Identification Number (TIN) Certificate will be required for a range of key transactions in Sri Lanka from November 1, 2026, the Inland Revenue Department (IRD) has announced.

The requirement, introduced under the Inland Revenue (Amendment) Act, No. 11 of 2026, applies to transactions specified under Section 102(3) of the Inland Revenue Act.

Accordingly, individuals will be required to produce a valid TIN Certificate when opening an account at a bank or financial institution, obtaining approval for a building plan, registering or renewing the licence of a motor vehicle, registering land or title to land, registering a business, transferring shares in a company incorporated in Sri Lanka or obtaining a credit card.

In the case of share transfers, both the transferor and transferee will be required to provide TIN certificates.

The IRD said officials handling such transactions had been instructed to ensure that a valid TIN Certificate was submitted before processing or completing the relevant transaction.

The Department advised those who do not already have a TIN to obtain one in advance through its e-Services platform.

It said a printout of the TIN verification result showing the applicant’s National Identity Card number and TIN could also be accepted instead of the certificate.The IRD also reiterated that obtaining a TIN is mandatory for resident individuals aged 18 and above under the applicable provisions.