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Advocata Institute Profile picture
Advocata Institute
@advocatalk
An independent Public Policy Think Tank working towards a free and prosperous Sri Lanka.
Mar 21, 2023 • 6 tweets • 5 min read
✅The IMF Executive Board has approved #LK's 17th IMF program, under the Extended Fund Facility (EFF). However, this is only the beginning.

Here is a 🧵about what this means for 🇱🇰 and what happens next. 1/6

#EconomicCrisisLK #IMF #SriLanka #Reforms 🏦The EFF aims to provide assistance to countries experiencing serious balance of payments imbalances because of structural impediments, or slow growth. It provides support for comprehensive programs with policies needed to correct structural imbalances over a longer period. 2/6
Apr 18, 2022 • 17 tweets • 3 min read
🇱🇰has entered the deepest crisis in its history. The shortages and rising prices we face today are only the first inkling of what lies ahead. Unless the right steps are taken things can go into a destructive tailspin.

Here is a 🧵 about where we are and what we need to do: The new @CBSL governor has taken only the first step on the path to stabilization, yet more needs to be done. An IMF programme together with concrete steps towards repairing public finances will start to restore some confidence and pave the way for some "bridging finance"