IMF praises reforms; MP pension cuts (154-2 vote), SC tax veto & Budget 2026 advance; CIABOC e-asset declarations mandatory Mar31; delegation meets Speaker/MPs ahead key review
Key Questions
What reforms has the IMF praised in Sri Lanka?
IMF's Georgieva and Kozack have lauded growth and inflation control amid external shocks. Key advances include MP pension cuts (154-2 vote after 49 years), SC tax vetoes, and Budget 2026 progress. Port City Bill passage supports economic push.
What changes were made to MPs' pensions?
MPs have lost pension entitlements after 49 years, passing with a 154-2 vote. This is part of broader reforms praised by the IMF. It aligns with fiscal consolidation efforts.
What is CIABOC mandating for asset declarations?
CIABOC has made e-asset declarations mandatory from March 31 for centralized transparency and anti-corruption under NPP. This enhances accountability for public officials. IMF delegation engaged Speaker and MPs ahead of key review.
Georgieva/Kozack laud growth/inflation control amid shocks; MPs lose pensions after 49yrs; SC gatekeeps tax laws; CIABOC mandates e-asset declarations from Mar31 (centralized transparency/NPP anti-corruption); SLUDI digital ID advances (privacy safeguards/phased Q3/end-2026/Digital Economy Min 100% digital txns by 2030/$15B digital econ/Mastercard SME); IMF delegation engages Speaker/party leaders pre-review; Port City Bill passed as economic push.