Sunday, June 9, 2019

Extended Fund Facility Program with Sri Lanka: IMF welcomes strengthening of social safety nets

The deployment of a new social registry will enable to better target social safety net programs and help mitigate the impact of the reform programs on the most vulnerable segments of the population, the staff report by the International Monetary Fund (IMF) on its Extended Fund Facility Program with Sri Lanka, has stated.

The IMF also welcomes the initiatives to encourage female and youth employment including gender responsive budgeting and vocational training, while supporting Sri Lanka’s aging challenges over the medium term. It recognises the ongoing reforms to strengthen social safety nets and supporting youth and women’s economic empowerment which is important to promote inclusive growth. The report notes that the 2019 Budget... Read More