The IMF tracker is an online tool that tracks the progress on government commitments in Sri Lanka's 2023 IMF Programme. The current data is up do to date as of March 2025.
Progress:
Proposed Commitments on Corporate Income Tax
Proposed Commitments on Credit to Government
Proposed Commitments on Debt Sustainability
Proposed Commitments on Excises Customs Duties
Proposed Commitments on Expenditure Arrears
Proposed Commitments on External Payment Arrears
Proposed Commitments on Financial Sector
Proposed Commitments on Fiscal Reforms
Proposed Commitments on Fuel and Electricity - these refer to the obligations of Ceylon Petroleum Corporation (CPC) and Ceylon Electricity Board (CEB) to supply fuel and electricity at prices below cost-recovery levels.
Proposed Commitments on Governance
Proposed Commitments on Import Restrictions
Proposed Commitments on Inflation
Proposed Commitments on Monetary Rate Policies
Proposed Commitments on Net official International Reserves
Proposed Commitments on Other Taxes
Proposed Commitments on Personal Income Taxation on Capital Income
Proposed Commitments on Personal Income Taxation on Labour Income
Proposed Commitments on Primary Balance - Primary balance refers to the difference between a government's total revenues and its total non-interest expenses
Commitments that had to be met before the IMF board approval
Proposed Commitments on Property and Wealth Taxes
Proposed Commitments on Social Net Reforms
Proposed Commitments on Social spending on, (1) Samurdhi cash transfers; (2) assistance to the elderly (over 70 years of age); (3) allowance for disabled people; and (4) financial support for kidney patients.
Proposed Commitments on State Owned Enterprice Reforms
Proposed Commitments on Tax Revenue
Proposed Commitments on Treasury guarantees - A guarantee of a debt refers to any explicit legal obligation of the central government to service such a debt in the event of nonpayment by the recipient. Treasury guarantees exclude letters of comfort.
Proposed Commitments on Value Added Tax
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Publish updated action plan on governance reforms
Publish updated action plan on governance reforms with detailed progress and new reform initiatives on an annual basis
more
Met
28-Feb-25
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Fuel prices to be at cost recovery levels.
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
more
Met
28-Feb-25
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Parliamentary approval of the 2025 Appropriation Act and the spending allocations in line with program parameters
Parliamentary approval of the 2025 Appropriation Act and the spending allocations in line with program parameters
more
Met
31-Mar-25
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Publish a strategic plan for CIABOC
Publish a strategic plan for the CIABOC, in consultation with IMF staff, describing its mission, objectives, timebound actions for operations, and a monitoring framework, together with submission of CIABOC’s annual budget based on the new strategic plan.
more
Met
31-Mar-25
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Not Met
31-Mar-25
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Year on year infllation in Colombo Price Index between 8 and 2 percent.
Year on year infllation in Colombo Price Index between 8 and 2 percent.
more
Not Met
31-Mar-25
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Parliament to repeal the Foreign Loans Act in full.
Parliament to repeal the Foreign Loans Act in full.
more
Pending
30-Apr-25
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Enact a comprehensive Asset Recovery Law.
Enact a comprehensive Asset Recovery Law to harmonize it with the United Nations Convention Against Corruption, in consultation with IMF staff.
more
Pending
30-Apr-25
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Amend the Notaries Act by April 2025
We will amend the Notaries Act by April 2025 to ensure comprehensive information on each notarized real property contract (which will include the valuation roll, the cadastral number, and a unique tax ID) is automatically fed into the digital SPRR.
more
Pending
30-Apr-25
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To maintain the electricity tariff at its cost-recovery level.
We will maintain the electricity tariff at its cost-recovery level (overall across different types of final consumers) with quarterly formula-based adjustments on a forward-looking basis (effective from January 1, April 1, July 1, and October 1).
more
Pending
30-Apr-25
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Payments to increase for the elderly, disabled and chronic kidney disease patients.
Payments will also be increased by Rs 2,000 for the elderly, and by Rs 2,500 for the disabled and chronic kidney disease patients, starting from April 2025.
more
Pending
30-Apr-25
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Introduce amendments to the Companies Act to bring the beneficial ownership framework in line with the FATF standard
We are in the final stages of introducing amendments to the Companies Act to bring the beneficial ownership framework in line with the FATF standards, for adoption by end-April 2025.
more
Pending
30-Apr-25
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Stock of expenditure arrears of the central government (ceiling, in billion rupees) Rs 0
Stock of expenditure arrears of the central government (ceiling, in billion rupees) Rs 0
more
Pending
30-May-25
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Track and report the updated quarterly KPIs of tax compliance (Annex I)
Track and report the updated quarterly KPIs of tax compliance (Annex I)
more
Pending
31-May-25
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Formulation and publication of a VAT compliance improvement program
Formulation and publication of a VAT compliance improvement program identifying, assessing, and prioritizing compliance risks for key taxpayer segments and determining a detailed plan to address those risks
more
Pending
31-May-25
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With the expected completion of ITMIS in May 2025
With the expected completion of ITMIS in May 2025
more
Pending
31-May-25
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We have taken preliminary steps to update our fiscal reporting framework to the GFSM 2014 standard by end-May 2025.
We have taken preliminary steps to update our fiscal reporting framework to the GFSM 2014 standard by end-May 2025.
more
Pending
31-May-25
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Publish on a semi-annual basis on a designated website critical information on public procurments.
Publish on a semi-annual basis on a designated website (i) all public procurement contract above Rs. 1 billion, along with comprehensive information in a searchable format on contract award winners; (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; and (iii) a list of firms receiving tax exemptions on luxury vehicle import.
more
Pending
30-Jun-25
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IRD to report the results of a simulation exercise to test the new refund arrangment.
IRD will report the results of a simulation exercise to test the new refund arrangements which will come into place once SVAT is repealed
more
Pending
30-Jun-25
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Parliament to lift the moratorium on enforcement of collateral.
Parliament to lift the moratorium on enforcement of collateral, which was introduced during the pandemic, to permit foreclosures by creditors under the Parate Law
more
Pending
30-Jun-25
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Strengthen the existing asset declaration system
Strengthen the existing asset declaration system by (i) allowing public access to published declarations through foreign and local phone numbers or email accounts and posted forms to be downloadable, (ii) publishing the remaining asset declarations of senior officials along with the list of non-filers, (iii) revising the existing form to include beneficial ownership information, and (iv) modifying current rules on redactions so that information on the value of bank accounts and other assets is disclosed to the public.
more
Pending
30-Jun-25
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Pending
30-Jun-25
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Central government primary balance (floor, in billion rupees) Rs 130 Bn
Central government primary balance (floor, in billion rupees) Rs 130 Bn
more
Pending
30-Jun-25
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Program net official international reserves (Program NIR, floor, end of period stock, in million US$) -$595 million
Program net official international reserves (Program NIR, floor, end of period stock, in million US$) -$595 million
more
Pending
30-Jun-25
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Net credit to the government of the CBSL (ceiling, end of period stock, in billion rupees) Rs 2,560 Bn
Net credit to the government of the CBSL (ceiling, end of period stock, in billion rupees) Rs 2,560 Bn
more
Pending
30-Jun-25
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Central government tax revenue (floor, in billion rupees) Rs 1,650 Bn
Central government tax revenue (floor, in billion rupees) Rs 1,650 Bn
more
Pending
30-Jun-25
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New external payment arrears by the nonfinancial public sector and the CBSL (ceiling, in million US$) Rs 0
New external payment arrears by the nonfinancial public sector and the CBSL (ceiling, in million US$) Rs 0
more
Pending
30-Jun-25
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CBSL purchases of government securities in the primary market Rs 0
CBSL purchases of government securities in the primary market Rs 0
more
Pending
30-Jun-25
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Social spending by the central government (floor, in billion rupees) Rs 114 Bn
Social spending by the central government (floor, in billion rupees) Rs 114 Bn
more
Pending
30-Jun-25
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Cost of non-commercial obligations (NCOs) for fuel and electricity (net of government transfers) (ceiling, in billion rupees) Rs 0
Cost of non-commercial obligations (NCOs) for fuel and electricity (net of government transfers) (ceiling, in billion rupees) Rs 0
more
Pending
30-Jun-25
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Treasury guarantees (ceiling, in billion rupees) Rs 2,100 Bn
Treasury guarantees (ceiling, in billion rupees) Rs 2,100 Bn
more
Pending
30-Jun-25
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Treasury FX guarantees (ceiling, in billion rupees) Rs 1,275 Bn
Treasury FX guarantees (ceiling, in billion rupees) Rs 1,275 Bn
more
Pending
30-Jun-25
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The MOF’s Department of State Accounts will report monthly cash flows.
The MOF’s Department of State Accounts will report monthly cash flows from revenues, expenditures, and financing by the third business day of the subsequent month.
more
Pending
30-Jun-25
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We will update and publish the FSS and enhance it.
We will update and publish the FSS and enhance it with a Fiscal Risks Statement, identifying and discussing the main sources of fiscal risks, by end-June 2025.
more
Pending
30-Jun-25
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Prepare and publish a medium-term PFM Reform Strategy and Action
Prepare and publish a medium-term PFM Reform Strategy and Action Plan by end-June 2025
more
Pending
30-Jun-25
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We plan to eliminate the backlog and publish audited 2024 financial statements of all 52 major SOEs by end-June 2025
We plan to eliminate the backlog and publish audited 2024 financial statements of all 52 major SOEs by end-June 2025
more
Pending
30-Jun-25
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Maintain Aswesuma coverage; onboard second-round beneficiaries by June 2025.
Given persistent vulnerabilities, we are resolved to maintaining Aswesuma coverage above the poverty rate. To this end, we extended the second-round application deadline and resumed enumeration for second-round applicants, with the aim of allowing for full on-boarding of second-round beneficiaries by June 2025 and swift payment of associated arrears.
more
Pending
30-Jun-25
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The full transition of the three categorical programs (elderly, disabled,...
The full transition of the three categorical programs (elderly, disabled, and chronic kidney disease) to Aswesuma will be completed by end-June 2025 to centralize SSN cash transfers.
more
Pending
30-Jun-25
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We will also improve the annual tax expenditure statement incorporating recommendations from IMF TA by June 2025.
We will also improve the annual tax expenditure statement incorporating recommendations from IMF TA by June 2025.
more
Pending
30-Jun-25
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Legislate CDSL authority over SEZ goods to prevent revenue leakages.
To curb revenue leakages from customs, we will approve necessary legislation by end-June 2025 to mandate the Customs Department of Sri Lanka (CDSL) with clear and unfettered responsibility for the clearance, movement, and control of goods to and from the special economic zones (SEZ).
more
Pending
30-Jun-25
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We will enact a Public Procurement Law by end-June 2025.
We will enact a Public Procurement Law by end-June 2025 that reflects international good practice and will coordinate with the ADB and WB to provide needed technical support.
more
Pending
30-Jun-25
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Strengthen e-procurement; launch competitive bidding platform by June 2025.
We will further strengthen the e-procurement system and will work to eliminate the procurement contracts awarded through a non-competitive process. The pilot of national and international competitive bidding for the procurement of goods and works under the digital platform will begin in March 2025 and the full roll-out is planned to take place by end-June 2025.
more
Pending
30-Jun-25
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Amend Audit Act to fine officials mismanaging public assets.
Make adjustments to regulations implementing the National Audit Act to facilitate the effective levying of fines on officials, including Chief Accounting Officers, who fail to fulfill their responsibilities in overseeing and managing the public assets by June 2025.
more
Pending
30-Jun-25
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Year on year infllation in Colombo Price Index between 8 and 2 percent.
Year on year infllation in Colombo Price Index between 8 and 2 percent.
more
Pending
30-Jun-25
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We will maintain the electricity tariff at its cost-recovery level...
We will maintain the electricity tariff at its cost-recovery level (overall across different types of final consumers) with quarterly formula-based adjustments on a forward-looking basis (effective from January 1, April 1, July 1, and October 1).
more
Pending
31-Jul-25
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Track and report the updated quarterly KPIs of tax compliance (Annex I)
Track and report the updated quarterly KPIs of tax compliance (Annex I)
more
Pending
31-Aug-25
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Submission to parliament of revisions of the SDP Act.
Submission to parliament of revisions of the SDP Act, with IMF technical assistance, that introduce transparent, rules-based eligibility criteria, to increase the effectiveness of granted tax expenditures, and to limit the duration for which incentives can be granted
more
Pending
31-Aug-25
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Pending
31-Aug-25
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Pending
30-Sep-25
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Cabinet approval of revenue measures requiring legislative amendments to support fiscal consolidation.
Cabinet approval of revenue measures requiring legislative amendments to support fiscal consolidation during 2026, in line with program parameters
more
Pending
30-Sep-25
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Central government primary balance (floor, in billion rupees) Rs 300 Bn
Central government primary balance (floor, in billion rupees) Rs 300 Bn
more
Pending
30-Sep-25
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Program net official international reserves (Program NIR, floor, end of period stock, in million US$) -$233 million
Program net official international reserves (Program NIR, floor, end of period stock, in million US$) -$233 million
more
Pending
30-Sep-25
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Net credit to the government of the CBSL (ceiling, end of period stock, in billion rupees) Rs 2,560 Bn
Net credit to the government of the CBSL (ceiling, end of period stock, in billion rupees) Rs 2,560 Bn
more
Pending
30-Sep-25
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Stock of expenditure arrears of the central government (ceiling, in billion rupees) Rs 0
Stock of expenditure arrears of the central government (ceiling, in billion rupees) Rs 0
more
Pending
30-Sep-25
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Central government tax revenue (floor, in billion rupees) Rs 2,750 Bn
Central government tax revenue (floor, in billion rupees) Rs 2,750 Bn
more
Pending
30-Sep-25
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New external payment arrears by the nonfinancial public sector and the CBSL (ceiling, in million US$) Rs 0
New external payment arrears by the nonfinancial public sector and the CBSL (ceiling, in million US$) Rs 0
more
Pending
30-Sep-25
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CBSL purchases of government securities in the primary market Rs 0
CBSL purchases of government securities in the primary market Rs 0
more
Pending
30-Sep-25
-
Social spending by the central government (floor, in billion rupees) Rs 181 Bn
Social spending by the central government (floor, in billion rupees) Rs 181 Bn
more
Pending
30-Sep-25
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Cost of non-commercial obligations (NCOs) for fuel and electricity (net of government transfers) (ceiling, in billion rupees) Rs 0
Cost of non-commercial obligations (NCOs) for fuel and electricity (net of government transfers) (ceiling, in billion rupees) Rs 0
more
Pending
30-Sep-25
-
Treasury guarantees (ceiling, in billion rupees) Rs 2,100 Bn
Treasury guarantees (ceiling, in billion rupees) Rs 2,100 Bn
more
Pending
30-Sep-25
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Treasury FX guarantees (ceiling, in billion rupees) Rs 1,275 Bn
Treasury FX guarantees (ceiling, in billion rupees) Rs 1,275 Bn
more
Pending
30-Sep-25
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We will ensure that the IRD, the valuation department, the land registry, and the general public have access to the SPRR by end-September 2025.
We will ensure that the IRD, the valuation department, the land registry, and the general public have access to the SPRR by end-September 2025.
more
Pending
30-Sep-25
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Amended bill on Finance Business Act will be submitted parliament by end-September 2025.
The CBSL is reviewing the Finance Business Act to enhance the supervision, regulation, and resolution framework of finance companies and Finance Leasing Act to address the irregularities in the finance leasing business. Amended bill on Finance Business Act will be submitted parliament by end-September 2025.
more
Pending
30-Sep-25
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We will introduce transparent, rules-based eligibility criteria and duration limits on the incentives granted under the Port City Act.
We will introduce transparent, rules-based eligibility criteria and duration limits on the incentives granted under the Port City Act to strengthen the net economic benefit by end-September 2025.
more
Pending
30-Sep-25
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Year on year infllation in Colombo Price Index between 8 and 2 percent.
Year on year infllation in Colombo Price Index between 8 and 2 percent.
more
Pending
30-Sep-25
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Submission to parliament for the first reading of the 2026 Appropriation Bill that is in line with program parameters
Submission to parliament for the first reading of the 2026 Appropriation Bill that is in line with program parameters
more
Pending
31-Oct-25
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We will maintain the electricity tariff at its cost-recovery level.
We will maintain the electricity tariff at its cost-recovery level (overall across different types of final consumers) with quarterly formula-based adjustments on a forward-looking basis (effective from January 1, April 1, July 1, and October 1).
more
Pending
31-Oct-25
-
Track and report the updated quarterly KPIs of tax compliance (Annex I)
Track and report the updated quarterly KPIs of tax compliance (Annex I)
more
Pending
30-Nov-25
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Publish on a semi-annual basis on a designated website (i)...
Publish on a semi-annual basis on a designated website (i) all public procurement contract above Rs. 1 billion, along with comprehensive information in a searchable format on contract award winners; (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; and (iii) a list of firms receiving tax exemptions on luxury vehicle import.
more
Pending
31-Dec-25
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Parliamentary approval of the 2026 Appropriation Act and the spending allocations in line with program parameters
Parliamentary approval of the 2026 Appropriation Act and the spending allocations in line with program parameters
more
Pending
31-Dec-25
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Pending
31-Dec-25
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Central government primary balance (floor, in billion rupees) Rs 730 Bn
Central government primary balance (floor, in billion rupees) Rs 730 Bn
more
Pending
31-Dec-25
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Program net official international reserves (Program NIR, floor, end of period stock, in million US$) $3 million
Program net official international reserves (Program NIR, floor, end of period stock, in million US$) $3 million
more
Pending
31-Dec-25
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Net credit to the government of the CBSL (ceiling, end of period stock, in billion rupees) Rs 2,560 Bn
Net credit to the government of the CBSL (ceiling, end of period stock, in billion rupees) Rs 2,560 Bn
more
Pending
31-Dec-25
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Stock of expenditure arrears of the central government (ceiling, in billion rupees) Rs 0
Stock of expenditure arrears of the central government (ceiling, in billion rupees) Rs 0
more
Pending
31-Dec-25
-
Central government tax revenue (floor, in billion rupees) Rs 4,350 Bn
Central government tax revenue (floor, in billion rupees) Rs 4,350 Bn
more
Pending
31-Dec-25
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New external payment arrears by the nonfinancial public sector and the CBSL (ceiling, in million US$) Rs 0
New external payment arrears by the nonfinancial public sector and the CBSL (ceiling, in million US$) Rs 0
more
Pending
31-Dec-25
-
CBSL purchases of government securities in the primary market Rs 0
CBSL purchases of government securities in the primary market Rs 0
more
Pending
31-Dec-25
-
Social spending by the central government (floor, in billion rupees) Rs 237 Bn
Social spending by the central government (floor, in billion rupees) Rs 237 Bn
more
Pending
31-Dec-25
-
Cost of non-commercial obligations (NCOs) for fuel and electricity (net of government transfers) (ceiling, in billion rupees) Rs 0
Cost of non-commercial obligations (NCOs) for fuel and electricity (net of government transfers) (ceiling, in billion rupees) Rs 0
more
Pending
31-Dec-25
-
Treasury guarantees (ceiling, in billion rupees) Rs 2,100 Bn
Treasury guarantees (ceiling, in billion rupees) Rs 2,100 Bn
more
Pending
31-Dec-25
-
Treasury FX guarantees (ceiling, in billion rupees) Rs 1,275 Bn
Treasury FX guarantees (ceiling, in billion rupees) Rs 1,275 Bn
more
Pending
31-Dec-25
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We will immediately begin to digitize the valuation records held by the government valuation department.
We will immediately begin to digitize the valuation records held by the government valuation department, starting with municipal councils, finalizing this effort by end-2025.
more
Pending
31-Dec-25
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We will continue revamping our public financial management (PFM) procedures in line with the new PFM law.
We will continue revamping our public financial management (PFM) procedures in line with the new PFM law. We will fully implement the new law by end-December 2025.
more
Pending
31-Dec-25
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To extend the period of payments of benefits for the transitional and vulnerable groups through end-March 2025 and end-December 2025
At the same time, we passed legislation to extend the period of payments of benefits for the transitional and vulnerable groups through end-March 2025 and end-December 2025
more
Pending
31-Dec-25
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We expect the number of households under Aswesuma to be at 1.6 million by end-2025.
As a result, we expect the number of households under Aswesuma to be at 1.6 million by end-2025, representing a coverage of 24.4 percent of the population, against an estimated poverty rate of 21.3 percent.
more
Pending
31-Dec-25
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The PDMO will be fully operationalized by end-December 2025.
The PDMO will be fully operationalized by end-December 2025. To this end, we will publish guidelines for PDMO operation and submit to parliament regulations on on-lending and guarantee activities by March 2025.
more
Pending
31-Dec-25
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We stand ready to undertake outright FX purchases.
We stand ready to undertake outright FX purchases on a net basis of US$2.65 billion between November 2024 and end-2025 to meet reserves target.
more
Pending
31-Dec-25
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Year on year infllation in Colombo Price Index between 8 and 2 percent.
Year on year infllation in Colombo Price Index between 8 and 2 percent.
more
Pending
31-Dec-25
-
We will maintain the electricity tariff at its cost-recovery level...
We will maintain the electricity tariff at its cost-recovery level (overall across different types of final consumers) with quarterly formula-based adjustments on a forward-looking basis (effective from January 1, April 1, July 1, and October 1).
more
Pending
31-Jan-26
-
Track and report the updated quarterly KPIs of tax compliance (Annex I)
Track and report the updated quarterly KPIs of tax compliance (Annex I)
more
Unknown
28-Feb-25
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Finalize a medium-term strategic plan for Sri Lankan Airlines (SLA) by February 2025.
We will finalize a medium-term strategic plan for Sri Lankan Airlines (SLA) by February 2025, which will include plans to restore operational viability and resolve legacy debts incurred by SLA.
more
Unknown
28-Feb-25
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Establish a new Tax Crimes Investigation (TCI) unit within IRD.
We will establish a new Tax Crimes Investigation (TCI) unit within IRD, separate from standard audit functions, by end-February 2025.
more
Unknown
28-Feb-25
-
Central government primary balance (floor, in billion rupees) Rs 80 Bn
Central government primary balance (floor, in billion rupees) Rs 80 Bn
more
Unknown
31-Mar-25
-
Program net official international reserves (Program NIR, floor, end of period stock, in million US$) -$675 million
Program net official international reserves (Program NIR, floor, end of period stock, in million US$) -$675 million
more
Unknown
31-Mar-25
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Net credit to the government of the CBSL (ceiling, end of period stock, in billion rupees) Rs 2,560 Bn
Net credit to the government of the CBSL (ceiling, end of period stock, in billion rupees) Rs 2,560 Bn
more
Unknown
31-Mar-25
-
Stock of expenditure arrears of the central government (ceiling, in billion rupees) Rs 0
Stock of expenditure arrears of the central government (ceiling, in billion rupees) Rs 0
more
Unknown
31-Mar-25
-
Central government tax revenue (floor, in billion rupees) Rs 800 Bn
Central government tax revenue (floor, in billion rupees) Rs 800 Bn
more
Unknown
31-Mar-25
-
New external payment arrears by the nonfinancial public sector and the CBSL (ceiling, in million US$) Rs 0
New external payment arrears by the nonfinancial public sector and the CBSL (ceiling, in million US$) Rs 0
more
Unknown
31-Mar-25
-
CBSL purchases of government securities in the primary market Rs 0
CBSL purchases of government securities in the primary market Rs 0
more
Unknown
31-Mar-25
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Establish and fully operationalize a digital Sales Price and Rents Register (SPRR)
Establish and fully operationalize a digital SPRR that is accessible by IRD, the valuation department, the land registry and the general public
more
Unknown
31-Mar-25
-
Social spending by the central government (floor, in billion rupees) Rs 53 Bn
Social spending by the central government (floor, in billion rupees) Rs 53 Bn
more
Unknown
31-Mar-25
-
Cost of non-commercial obligations (NCOs) for fuel and electricity (net of government transfers) (ceiling, in billion rupees) Rs 0
Cost of non-commercial obligations (NCOs) for fuel and electricity (net of government transfers) (ceiling, in billion rupees) Rs 0
more
Unknown
31-Mar-25
-
Treasury guarantees (ceiling, in billion rupees) Rs 2,100 Bn
Treasury guarantees (ceiling, in billion rupees) Rs 2,100 Bn
more
Unknown
31-Mar-25
-
Treasury FX guarantees (ceiling, in billion rupees) Rs 1,275 Bn
Treasury FX guarantees (ceiling, in billion rupees) Rs 1,275 Bn
more
Unknown
31-Mar-25
-
Dispatch audit of CEB’s operational costs
We plan to finalize the dispatch audit of CEB’s operational costs, which would assess the scope for efficiency gains in electricity generation and transmission by end-March 2025.
more
Unknown
31-Mar-25
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To bring reforms on the structure of boards in SOBs.
In line with the framework, we will, by March 2025 (i) ensure that the State Owned Banks boards of directors have not less than nine and not more than 13 members; and (ii) nominate several independent directors such that independent directors comprise the majority of the total number of directors of each SOB board, one of whom shall be Chair of the Board of each of the banks.
more
Unknown
31-Mar-25
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Each revenue department will provide quarterly updates to Ministry of Finance on the implementation progress of the anti-corruption.
Each revenue department will provide quarterly updates to Ministry of Finance on the implementation progress of the anti-corruption measures including the digitization and automation beginning from March 2025.
more
Unknown
31-Mar-25
