by Dimuthu Attanayake in SCMP, June 27, 2023As cash-strapped Sri Lanka begins its long-awaited domestic-debt restructuring process this week, local experts have voiced optimism that the plan will enhance a reform road map agreed upon with the International Monetary Fund earlier this year. Nandalal Weerasinghe, the country’s central bank chief, announced on Sunday that the process would get under way over the coming five-day bank holiday weekend – extended with a special additional holiday on…
Posts tagged as “enhance”
By Shamindra Ferdinando in The Island, Apr 3, 2023Amidst ongoing protests against the Wickremesinghe-Rajapaksa government’s controversial tax regime, which is expected to meet revenue targets set by the IMF, Parliament has revealed that the Inland Revenue Department, Customs and Excise Department disregarded a specific directive issued by parliamentary watchdog COPA (Committee on Public Accounts) way back in 2016 to enhance revenue collection. This was revealed at a meeting jointly chaired by Chairman COPA State Minister…