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IMF to make comprehensive assessment of recent govt. tax revisions
The International Monetary Fund (IMF) would review Sri Lanka’s recent tax revisions, with a comprehensive assessment of these changes to be included in the staff report, which will follow the Executive Board’s approval of the Extended Fund Facility (EFF) programme for Sri Lanka, an IMF spokesperson said.
On 23 November, IMF staff and Sri Lankan authorities reached a staff-level agreement on the third review under the EFF arrangement. Upon completion or approval of this review by the IMF Executive Board, Sri Lanka will gain access to $333 million.
“Regarding the next steps, the Executive Board meeting is expected to take place in the coming months, following the implementation of prior actions by the authorities,” IMF spokesperson Julie Kozack said on Thursday (19) during a press briefing.
Commenting on the recently announced tax revision measures, Kozack added that a full assessment of these measures will be included in the staff report, which will be published after the Executive Board approves the programme.
