COLOMBO, Sept 23 (Reuters) - The International Monetary Fund
(IMF) said on Friday that Sri Lanka's government, which has
failed to raise taxes as promised when it received a $1.5
billion loan from the lender in June, needs to implement a tax
reform package without delay.
An IMF mission, which concluded nearly two weeks of
discussions with authorities, commended Sri Lanka for
implementing the IMF-supported economic programme under
"difficult circumstances" and had met all June-end targets.
"However, some forward looking aspects of the programme
review, mainly related to the implementation of the tax reform
package need to be addressed without further delay," Jaewoo Lee,
the mission head. told reporters in Colombo.
The government has delayed implementation of tax hikes
expected to take effect May 2, due to two Supreme Court rulings.
The government is considering to bring an amended tax hike
proposal in the near future after addressing public concerns.
(Reporting by Ranga Sirilal; Writing by Shihar Aneez; Editing
by Richard Borsuk)