According to the agreement made by the Sri Lankan government with the International Monetary Fund, the number of agreements to be completed before receiving the second loan installment is sixty-two, but only twenty-five agreements have been completed so far, according to the Verity Research Institute.
Sureni Weeratunga, a senior research analyst at Verity Research, who has also worked as a research analyst at the International Monetary Fund, has been working with the Government of Sri Lanka and the IMF. This has been mentioned in the prepared report on the agreement reached with the institution.
They have also pointed out that the Government of Sri Lanka has not yet fulfilled the two agreements which were to be completed before April 30, 2023, namely obtaining parliamentary approval for the new Central Bank Act and raising betting and excise taxes.
Also, the Government of Sri Lanka has agreed with the International Monetary Fund that the creation of an online platform for financial transparency will be done before 30.04.2023, but it has not been completed either. Thus, by the thirtieth of September, the number of agreements that the Sri Lankan government must complete in order to receive the second loan installment of the International Monetary Fund is 37. Also, the Verity Research Institute has pointed out that the Sri Lankan government has not published information on ten matters which the Sri Lankan government promised to the International Monetary Fund to complete before April 31.
