How Do the IMF and the World Bank Collaborate?
In our previous articles, we examined the International Monetary Fund (IMF) its origins, core functions, lending practices, and the role of conditionality in its programs. Building on that foundation, we now explore the IMF’s close partnership with its sister institution, the World Bank. Born from the same 1944 Bretton Woods Conference, these two organisations often […]
What is the International Monetary Fund (IMF)?
The International Monetary Fund (IMF) is a global organization that works to promote economic stability and growth worldwide. Established in 1944 at the Bretton Woods Conference, it now has 191 member countries. Headquartered in Washington, D.C., the IMF is governed by its members through a Board of Governors and an Executive Board, with a Managing […]
AI Tools and Human Vulnerability: Recent Incidents Underscore the Need for Caution and Ethical Boundaries in 2026
In early 2026, stories of AI chatbots influencing self-harm or suicides have sparked global concern. Ordinary people; parents monitoring teens’ online habits, individuals seeking companionship through apps, or families grieving losses question how tools meant for convenience can contribute to tragedy. Lawsuits allege AI interactions encouraged harmful actions, from romantic delusions leading to a 14-year-old’s […]
Pension Rights Clarification for Public Officers Appointed After 2016: Ensuring Retirement Security in Sri Lanka
For thousands of public officers recruited into government service after January 1, 2016, retirement planning has carried a layer of uncertainty. Appointment letters included the note that positions were pensionable but subject to future policy decisions on the applicable scheme. This stemmed from the 2016 Budget proposal to introduce a contributory retirement system, aimed at […]
Sri Lanka’s Minimum Wage Revision Effective January 2026: A Welcome Boost for Workers and Key Compliance Notes
As Sri Lankans navigate daily life in 2026, the recent revision to the national minimum wage brings a sense of relief to many households. For workers in shops, factories, estates, and offices often earning just enough to cover basics the increase means a little more breathing room for essentials like food, transport, and children’s education. […]
Sri Lanka’s Vehicle Import Tax Revenue Hits Rs. 904 Billion in 2025: High Taxes and Their Real Impact on Car Buyers
In 2025, Sri Lanka’s vehicle import tax revenue shattered expectations, reaching Rs. 904 billion against a projected Rs. 441 billion, as announced by Deputy Minister of Economic Development Nishantha Jayawardena in Parliament. For the average Sri Lankan considering a car purchase whether a young family eyeing a compact hatchback, a professional upgrading for comfort, or […]
Black Smoke on Sri Lanka’s Roads: The Daily Reality of Transportation Emissions and Air Pollution in 2026
Every morning, as I step out for the commute to the office, the familiar haze hits daily. It’s not just the tropical humidity, it’s the thick black fumes billowing from buses, lorries, and even three-wheelers. Just the other day, the tuk-tuk was stopped at a traffic light right behind a public bus. When the bus […]
Central Bank Independence: Why Lowering Rates for Fiscal Relief Risks Long-Term Economic Stability
The debate on the role of central banks in addressing fiscal pressures has resurfaced globally, particularly in economies grappling with high public debt. A common suggestion during periods of rising debt and interest burdens is for central banks to cut policy rates primarily to reduce government borrowing costs. This approach may appear pragmatic in the […]
Sri Lanka’s PMI December 2025: Strong Expansion Signals Economic Resilience Amid Seasonal Boosts and Weather Challenges
The Central Bank of Sri Lanka (CBSL) released its Purchasing Managers’ Index (PMI) for December 2025 on 16 January 2026, painting an encouraging picture of private sector activity as the country closed a year of gradual macroeconomic stabilisation. Both the Manufacturing and Services sectors recorded significant expansions, with the Services PMI surging to 67.9 and […]
Sri Lanka’s Agriculture in 2026: Navigating Export Strengths Amid Climate Challenges and Building Resilience
Sri Lanka’s agriculture sector remains a cornerstone of the national economy and cultural identity in 2026. From vast tea estates in the hills to coconut groves along the coast and paddy fields in rural heartlands, farming sustains millions while driving significant exports. Tea, rubber, and coconut products continue to earn valuable foreign exchange, supporting livelihoods […]