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https://www.ft.lk/top-story/IMF-warns-serious-downside-risks-for-SL/26-731421
- Says upside risks include faster-than-expected tourism recovery and stronger-than-projected FDI inflows
- Post-Article IV Consultation says SL’s outlook subject to large uncertainties with risks tilted to the downside
- Stresses economic outlook constrained by debt overhang with public debt rising to unsustainable levels; persistently large fiscal and balance-of-payments financing needs
- Reveals GDP growth negatively affected by impact of the FX shortage and macroeconomic imbalances on economic activities and business confidence
- Commends prompt policy response and successful vaccination drive to contain COVID spread