The IMF Tracker is an online tool that tracks progress on government commitments under Sri Lanka’s 2023 IMF programme. The tracker currently tracks the implementation status of commitments due up to June 2026
Provide no new exemptions to businesses based on the SDP and Port City Acts and regulations in effect as of May 28, 2025.
"Provide no new exemptions to businesses based on the SDP and Port City Acts and regulations in effect as of May 28, 2025 … Met" (MEFP Table 2, p.96).
IMF Country Report No. 26/111 (Fifth and Sixth Reviews under the EFF)
https://www.imf.org/-/media/files/publications/cr/2026/english/1lkaea2026001.pdf
Met
Central government primary balance at LKR 95 Bn by March 2026
"Central government primary balance (floor) — Met" (end-December 2025, Summary of Program Performance table, p.11).
IMF Country Report No. 26/111 (Fifth and Sixth Reviews under the EFF)
https://www.imf.org/-/media/files/publications/cr/2026/english/1lkaea2026001.pdf
Met
31-Mar-26
Net credit to the government of the CBSL at LKR 2,515 Bn by March 2026
"Net credit to the government of the CBSL (ceiling) — Met" (end-December 2025, Summary of Program Performance table, p.11).
IMF Country Report No. 26/111 (Fifth and Sixth Reviews under the EFF)
https://www.imf.org/-/media/files/publications/cr/2026/english/1lkaea2026001.pdf
Met
31-Mar-26
Central government tax revenue at LKR 850 Bn by March 2026
"Central government tax revenue (floor) — Met" (end-December 2025, Summary of Program Performance table, p.11).
IMF Country Report No. 26/111 (Fifth and Sixth Reviews under the EFF)
https://www.imf.org/-/media/files/publications/cr/2026/english/1lkaea2026001.pdf
Met
31-Mar-26
Year-on-year inflation in Colombo CPI: outer band 2.0%–8.0%, inner band 3.5%–6.5%, centre point 5.0% by March 2026
"Year-on-year inflation in Colombo Consumers Price Index — Met**", where "** Assessed as met as inflation is within the outer bands of the MPCC" (end-December 2025, Summary of Program Performance table, p.11).
IMF Country Report No. 26/111 (Fifth and Sixth Reviews under the EFF)
https://www.imf.org/-/media/files/publications/cr/2026/english/1lkaea2026001.pdf
Met
31-Mar-26
Treasury guarantees at LKR 2,100 Bn by March 2026
"Treasury guarantees (ceiling) — Met" (end-December 2025, Summary of Program Performance table, p.11).
IMF Country Report No. 26/111 (Fifth and Sixth Reviews under the EFF)
https://www.imf.org/-/media/files/publications/cr/2026/english/1lkaea2026001.pdf
Met
31-Mar-26
Treasury FX guarantees at LKR 1,275 Bn by March 2026
"Treasury FX guarantees (ceiling) — Met" (end-December 2025, Summary of Program Performance table, p.11).
IMF Country Report No. 26/111 (Fifth and Sixth Reviews under the EFF)
https://www.imf.org/-/media/files/publications/cr/2026/english/1lkaea2026001.pdf
Met
31-Mar-26
Year-on-year inflation in Colombo CPI: outer band 2.0%–8.0%, inner band 3.5%–6.5%, centre point 5.0% by June 2026
"Colombo Consumer Price Index (CCPI, 2021=100) based headline inflation accelerated to 6.8 per cent in June 2026 from 5.5 per cent in May 2026" — inside the MPCC 2–8% band (p.1).
CBSL Weekly Economic Indicators, 3 July 2026
https://www.cbsl.gov.lk/sites/default/files/cbslweb_documents/statistics/wei/WEI_20260703_e_r.pdf
Met
30-Jun-26
Publish a fiscal recovery plan outlining the measures and timeline to return to the fiscal rules, following activation of the PFM Act escape clause after the cyclone.
Forward commitment, not confirmed complete as of report date: "following activation of the escape clause after the cyclone, we will publish a fiscal recovery plan by June 2026, outlining the measures and timeline to return to the fiscal rules" (p.77).
IMF Country Report No. 26/111 (Fifth and Sixth Reviews under the EFF)
https://www.imf.org/-/media/files/publications/cr/2026/english/1lkaea2026001.pdf
Met
30-Jun-26
Complete the full debt restructuring process.
"As of February 2026, Sri Lanka has reached agreement on terms with just under 99% of its external creditors and fully implemented
over 92% of its public external debt restructuring" - Ministry of Finance, Planning and Economic Development
Central Bank of Sri Lanka
Investor Call – 11th February 2026 - https://www.treasury.gov.lk/api/file/c5b34b98-200a-4d37-9398-5ecb6b16c494
Met
30-Jun-26
Implementation of the GAP will be regularly assessed, and a performance report will be published by end of June 2026
“Governance Action Plan – 2026 – Progress Up to June 2026.” https://www.presidentsoffice.gov.lk/assets/pdf/GAP%202026-Q2%20Progress%20Updated%20by%2028.07.2026%20for%20Publish.pdf
Met
30-Jun-26
Set retail fuel prices to their cost-recovery levels with monthly formula-based adjustments, and compensate the CPC for providing any fuel subsidies with on-budget transfers.
"Set retail fuel prices to their cost-recovery levels … Not Met in April 2026. Note: It was also breached in December 2025 but restored in January 2026" (MEFP Table 2, p.96).
IMF Country Report No. 26/111 (Fifth and Sixth Reviews under the EFF)
https://www.imf.org/-/media/files/publications/cr/2026/english/1lkaea2026001.pdf
Not Met
PUCSL to submit its annual report to Parliament summarizing the extent to which cost recovery has been achieved in electricity tariff-setting.
As of July 2026, no annual report submitted by the PUCSL to Parliament assessing the extent to which cost recovery was achieved in electricity tariff-setting could be located. The PUCSL website and reports repository, the Parliament of Sri Lanka’s records of papers presented, and the Ministry of Energy website were checked. While the PUCSL has published a report on electricity cost recovery for the fourth quarter of 2025, no corresponding annual report submitted to Parliament was publicly available.
Not Met
26-Jun-26
Publish on a semi-annual basis on a designated website (i) all public procurement contracts above Rs. 1 billion with searchable information on contract award winners; and (ii) a list of all firms receiving tax exemptions through the Board of Investments, the SDP and Port City, with an estimate of their value.
i. all public procurement contracts above Rs. 1 billion, along with comprehensive information in a searchable format on contract award winners;
Unmet3. www.PROMISe.lk publishes contracts above Rs. 1 billion and is searchable.
Although contracts above LKR 1 billion are published on www.PROMISe.lk, the information disclosed falls short of the existing legal requirements on proactive disclosure in Sri Lanka, as set out in the Guidelines issued by the Right to Information Commission in terms of Section 9(1)(b) of the Right to Information Act, No. 12 of 2016.4 Therefore, the procurement information published, instead of being comprehensive, falls seriously short of even the existing legal requirements in Sri Lanka.
ii. a list of all firms receiving tax exemptions through the Board of Investments, the SDP and Port City, and an estimation of the value of these tax exemptions;
BOI – Met
SDP – Met
Port City – Met https://www.rticommission.lk/web/images/pdf/Proactive_Disclosure/guidelines-section9-updated.pdf
Not Met
30-Jun-26
Publish a medium-term PFM Reform Strategy and Action Plan with clear timelines, KPIs, and a monitoring and reporting mechanism.
As of July 2026, a publicly accessible medium-term PFM Reform Strategy and Action Plan containing clear timelines, KPIs, and a monitoring and reporting mechanism could not be located. The Ministry of Finance and Treasury website—including its budget documents, laws and reforms, circulars and guidelines, and departmental action-plan repositories—as well as the publicly searchable records of Parliament were checked.
Not Met
30-Jun-26
Finalize the on-boarding of second-round Aswesuma beneficiaries by completing enumeration and grievance resolution.
According to the telephonic communication with the additional secretary of the Welfare Benefits Board, it was mentioned that they plan n starting the 2nd round enumeration in the month of July, hence it's not met.
Not Met
30-Jun-26
Ensure that all 52 major SOEs publish their audited financial statements by end-June of the following year.
Not Met
30-Jun-27
Maintain cost-recovery level of the end-user electricity tariff schedule (overall across different types of final consumers) with quarterly formula-based adjustments, on a forward-looking basis in January, April, July and October each year; the NSO submits tariff revision requests to the PUCSL by end-October (for January revisions), end-January (for April), end-April (for July) and end-July (for October); compensate the electricity sector for any residual subsidies with on-budget transfers; and use tariff surcharges in the interim if the public utilities are making losses.
Pending
31-Jul-26
IRD to complete cleaning and updating the taxpayer registry in consultation with IMF staff.
Pending
31-Jul-26
Complete the recertification of Aswesuma applicants by updating their data in the social registry, reranking them based on their deprivation score, and publishing the updated list of beneficiaries.
Pending
31-Jul-26
Adopt and publish implementing regulations under the Public Financial Management Act to operationalize budget execution, commitment controls, and enforcement mechanisms.
Pending
31-Jul-26
Operationalize the new debt management information system (Meridien), including verifying and updating loan and creditor data.
Pending
30-Aug-26
Ensure categorical payments to elderly, disabled, and kidney patients are delivered through the social registry, with beneficiaries selected using objective and verifiable eligibility criteria (from August 1, 2026).
Pending
31-Aug-26
Prepare and publish (i) a standardized methodology for assessing project readiness, including feasibility, implementation readiness, and climate-resilience screening, and (ii) transparent and standardized project selection criteria for the Public Investment Committee, incorporating climate-resilience and fiscal-risk considerations, in consultation with IMF staff.
Pending
31-Aug-26
(i) Require companies bidding for emergency and reconstruction-related public procurement contracts to disclose their ultimate beneficial ownership as part of the bidding documentation; (ii) publish a semi-annual report on cyclone-related procurement detailing sources of funding, allocation by program and spending category, and ultimate beneficial owners of awarded contracts; and (iii) in the same report, disclose aggregated execution of cyclone-related spending by program and spending category.
Pending
31-Aug-26
Approve and publish a new electricity tariff methodology consistent with IMF technical advice that establishes transparent cost classifications and rules-based pass-through of costs to ensure full cost recovery and mitigate tariff volatility.
Pending
31-Aug-26
Conclude the competitive bidding process to appoint a new vendor to develop the e-procurement (e-GP) system.
Pending
31-Aug-26
Cabinet approval of revenue measures requiring legislative amendments to support fiscal consolidation during 2027, in line with program parameters.
Pending
27-Sep-26
Central government primary balance at LKR 85 Bn by September 2026
Pending
30-Sep-26
Program net official international reserves at USD 284 MN by September 2026
Pending
30-Sep-26
Net credit to the government of the CBSL at LKR 2,510 Bn by September 2026
Pending
30-Sep-26
New expenditure arrears of the central government at LKR 0 Bn by September 2026
Pending
30-Sep-26
Central government tax revenue at LKR 3,275 Bn by September 2026
Pending
30-Sep-26
New external payment arrears by the nonfinancial public sector and the CBSL at USD 0 MN by September 2026
Pending
30-Sep-26
CBSL purchases of government securities in the primary market at LKR 0 Bn by September 2026
Pending
30-Sep-26
Year-on-year inflation in Colombo CPI: outer band 2.0%–8.0%, inner band 3.5%–6.5%, centre point 5.0% by September 2026
Pending
30-Sep-26
Social spending by the central government at LKR 174 Bn by September 2026
Pending
30-Sep-26
Identified stock of expenditure arrears of the central government at LKR 0 Bn by September 2026
Pending
30-Sep-26
Cost of non-commercial obligations (NCOs) for fuel and electricity at LKR 0 Bn by September 2026
Pending
30-Sep-26
Treasury guarantees at LKR 2,100 Bn by September 2026
Pending
30-Sep-26
Treasury FX guarantees at LKR 1,275 Bn by September 2026
Pending
30-Sep-26
Implement the cabinet decision set as a prior action for completion of the combined Fifth and Sixth review under the EFF by ensuring that (i) fuel, electricity, and fertilizer subsidies and Aswesuma support are on budget; (ii) electricity subsidies are targeted only to households consuming less than 180 kWh per month and low-consumption segments for some non-residential tariffs; and (iii) all subsidies and Aswesuma support combined are limited to LKR 100 billion in total and fully phased out once the limit is reached or by end-September 2026, whichever is earlier.
Pending
30-Sep-26
Adopt policies for verification of beneficial ownership (BO) information submitted to the BO Registry and conduct verification of BO information for 80 percent of registered companies that have submitted BO information to the ROC, prioritizing higher-risk legal entities (e.g., companies in sectors identified as high risk in the NRA, foreign-owned companies).
Pending
30-Sep-26
Roll out electronic funds transfers using ITMIS.
Pending
30-Sep-26
Publish tax diagnostics and MTRS (Medium-Term Revenue Strategy) objectives, in consultation with IMF staff.
Pending
30-Oct-26
Maintain cost-recovery level of the end-user electricity tariff schedule (overall across different types of final consumers) with quarterly formula-based adjustments, on a forward-looking basis in January, April, July and October each year; the NSO submits tariff revision requests to the PUCSL by end-October (for January revisions), end-January (for April), end-April (for July) and end-July (for October); compensate the electricity sector for any residual subsidies with on-budget transfers; and use tariff surcharges in the interim if the public utilities are making losses.
Pending
31-Oct-26
Submission to parliament for the first reading of the 2027 Appropriation Bill that is in line with program parameters.
Pending
31-Oct-26
Eliminate face-to-face reviews of customs declarations for Authorized Economic Operators and a further 150 fast-tracked companies.
Pending
31-Oct-26
Cabinet approval of appropriate revenue measures to offset the phase-out of para tariffs in 2028 and 2029, if the removal results in the government not being able to meet the revenue targets as agreed with the IMF.
Pending
30-Nov-26
Central government primary balance at LKR 509 Bn by December 2026
Pending
31-Dec-26
Program net official international reserves at USD 944 MN by December 2026
Pending
31-Dec-26
Net credit to the government of the CBSL at LKR 2,510 Bn by December 2026
Pending
31-Dec-26
New expenditure arrears of the central government at LKR 0 Bn by December 2026
Pending
31-Dec-26
Central government tax revenue at LKR 5,033 Bn by December 2026
Pending
31-Dec-26
New external payment arrears by the nonfinancial public sector and the CBSL at USD 0 MN by December 2026
Pending
31-Dec-26
CBSL purchases of government securities in the primary market at LKR 0 Bn by December 2026
Pending
31-Dec-26
Year-on-year inflation in Colombo CPI: outer band 2.0%–8.0%, inner band 3.5%–6.5%, centre point 5.0% by December 2026
Pending
31-Dec-26
Social spending by the central government at LKR 238 Bn by December 2026
Pending
31-Dec-26
Identified stock of expenditure arrears of the central government at LKR 0 Bn by December 2026
Pending
31-Dec-26
Cost of non-commercial obligations (NCOs) for fuel and electricity at LKR 0 Bn by December 2026
Pending
31-Dec-26
Treasury guarantees at LKR 2,100 Bn by December 2026
Pending
31-Dec-26
Treasury FX guarantees at LKR 1,275 Bn by December 2026
Pending
31-Dec-26
Track and report the updated quarterly Key Performance Indicators (KPIs) of tax compliance (Annex IV).
Pending
31-Dec-26
Parliamentary approval of the 2027 Appropriation Act and the spending allocations in line with program parameters.
Pending
31-Dec-26
Publish on a semi-annual basis on a designated website (i) all public procurement contracts above Rs. 1 billion with searchable information on contract award winners; and (ii) a list of all firms receiving tax exemptions through the Board of Investments, the SDP and Port City, with an estimate of their value.
Pending
31-Dec-26
Ensure the property valuation database is accessible to IRD (including the HWI unit), the valuation department, the land registry, and the public.
Pending
31-Dec-26
Finalize the disaster risk financing strategy to lower fiscal vulnerabilities and strengthen preparedness for climate-related shocks.
Pending
31-Dec-26
Transition ineligible legacy-list beneficiaries (identified following recertification) out of the Aswesuma scheme.
Pending
31-Dec-26
Close the 'long rooms' and eliminate face-to-face document review of all customs declarations.
Pending
31-Dec-26
Enact a Public Procurement Law (in 2026) that reflects international best practice, including explicit beneficial ownership disclosure requirements within the procurement process, and eliminate procurement contracts awarded through a non-competitive process.
Pending
31-Dec-26
Submit to Parliament the Public Asset Management Bill to improve the transparency, management, and disposal of public assets.
Pending
31-Dec-26
Publish the first annual progress report on implementation of the Proceeds of Crime Act.
Pending
31-Dec-26
Institute the first phase of the National Tariff Policy by removing CESS para tariffs on intermediate inputs (fiscal cost 0.1% of GDP) (in 2026).
Pending
31-Dec-26
Purchase foreign exchange on a net basis of at least US$2.2 billion (in 2026).
Pending
31-Dec-26
Prepare for the comprehensive AML/CFT mutual evaluation by the Asia/Pacific Group on Money Laundering (in 2026).
Pending
31-Dec-26
Implementation of the GAP will be regularly assessed, and a performance report will be published by end of December 2026
Pending
31-Dec-26
Ensure the school stationery allowance is delivered through the social registry (from January 2027 onwards).
Pending
31-Jan-27
(i) Require companies bidding for emergency and reconstruction-related public procurement contracts to disclose their ultimate beneficial ownership as part of the bidding documentation; (ii) publish a semi-annual report on cyclone-related procurement detailing sources of funding, allocation by program and spending category, and ultimate beneficial owners of awarded contracts; and (iii) in the same report, disclose aggregated execution of cyclone-related spending by program and spending category.
Pending
28-Feb-27
Prepare the first draft of the code of conduct covering the performance and disciplinary control of judicial officers.
Pending
31-Mar-27
Ensure all future social safety net (SSN) cash support is delivered through the social registry with beneficiaries selected using objective and verifiable eligibility criteria (from June 2027 onwards).
Pending
30-Jun-27
Undertake further work to adopt property taxes (targeted for the first half of 2027).
Pending
30-Jun-27
Complete the settlement of the (discontinued) senior citizens' interest subsidy scheme.
Pending
31-Dec-27
Meet post-cyclone reconstruction needs through capital expenditure prioritization (in 2027).
Pending
31-Dec-27
Return to the medium-term primary surplus target under the EFF programme of 2.3 percent of GDP (in 2027).
Pending
31-Dec-27
Complete the full rollout of the e-procurement (e-GP) system (expected).
Pending
31-Dec-28
Program net official international reserves at USD 593 MN by March 2026
"the end-March IT on NIR was narrowly missed due to the slowdown in foreign exchange (FX) purchases in March following the Middle East conflict, shifts in the composition of official reserves in favor of monetary gold holdings, and program exchange rate valuation effect" (p.11).
IMF Country Report No. 26/111 (Fifth and Sixth Reviews under the EFF)
https://www.imf.org/-/media/files/publications/cr/2026/english/1lkaea2026001.pdf
Unknown
31-Mar-26
New expenditure arrears of the central government at LKR 0 Bn by March 2026
Unknown
31-Mar-26
New external payment arrears by the nonfinancial public sector and the CBSL at USD 0 MN by March 2026
Unknown
31-Mar-26
CBSL purchases of government securities in the primary market at LKR 0 Bn by March 2026
Unknown
31-Mar-26
Social spending by the central government at LKR 58 Bn by March 2026
Unknown
31-Mar-26
Identified stock of expenditure arrears of the central government at LKR 51 Bn by March 2026
Unknown
31-Mar-26
Cost of non-commercial obligations (NCOs) for fuel and electricity at LKR 0 Bn by March 2026
Unknown
31-Mar-26
Maintain cost-recovery level of the end-user electricity tariff schedule (overall across different types of final consumers) with quarterly formula-based adjustments, on a forward-looking basis in January, April, July and October each year; the NSO submits tariff revision requests to the PUCSL by end-October (for January revisions), end-January (for April), end-April (for July) and end-July (for October); compensate the electricity sector for any residual subsidies with on-budget transfers; and use tariff surcharges in the interim if the public utilities are making losses.
Unknown
30-Apr-26
Roll out cheque payments using ITMIS.
Unknown
30-May-26
Track and report the updated quarterly Key Performance Indicators (KPIs) of tax compliance (Annex IV).
Unknown
31-May-26
Central government primary balance at LKR 72 Bn by June 2026
Unknown
30-Jun-26
Program net official international reserves at USD -778 MN by June 2026
Unknown
30-Jun-26
Net credit to the government of the CBSL at LKR 2,515 Bn by June 2026
Unknown
30-Jun-26
New expenditure arrears of the central government at LKR 0 Bn by June 2026
Unknown
30-Jun-26
Central government tax revenue at LKR 2,000 Bn by June 2026
Unknown
30-Jun-26
New external payment arrears by the nonfinancial public sector and the CBSL at USD 2.6 MN by June 2026
Unknown
30-Jun-26
CBSL purchases of government securities in the primary market at LKR 0 Bn by June 2026
Unknown
30-Jun-26
Social spending by the central government at LKR 118 Bn by June 2026
Unknown
30-Jun-26
Identified stock of expenditure arrears of the central government at LKR 0 Bn by June 2026
Unknown
30-Jun-26
Cost of non-commercial obligations (NCOs) for fuel and electricity at LKR 0 Bn by June 2026
Unknown
30-Jun-26
Treasury guarantees at LKR 2,100 Bn by June 2026
Unknown
30-Jun-26
Treasury FX guarantees at LKR 1,275 Bn by June 2026
Unknown
30-Jun-26
MOF will use ITMIS to produce a monthly report on the size, maturity, and composition of the stock of arrears, as defined in the TMU.
Unknown
30-Jun-26
Implement standard operating procedures (SOPs) to strengthen debt payment procedures and safeguards against cybersecurity incidents.
Unknown
30-Jun-26
Combine the historical digitized property records with the SPRR to generate a final database of properties with estimated market values.
Unknown
30-Jun-26

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