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    <title>Risks increase in Sri Lanka despite positive economic outlook: IMF</title>
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    <description>Strict compliance with the IMF-supported programme is urged to preserve fiscal sustainability amid increased downside risks. The Fund completed its fourth review, identified and corrected an inadvertent underreporting of government expenditure arrears that breached a zero-ceiling performance criterion and granted a waiver. The IMF advises sustained revenue mobilisation, strengthening tax-exemption frameworks, boosting tax compliance, and enhancing public financial management, alongside governance and trade-facilitation reforms to support export growth and arrears management under the programme.</description>
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