shows that Sri Lanka verifiably met only 40 of the 71 trackable commitments that were due for completion by end-September 2023.

It also shows that Sri Lanka had, at the same time, reached its lowest point in terms of both performance and transparency since the programme commenced in March.

This is because the status of about 30% of the commitments due to be completed by end of September were unknown, and three of the four commitments due which specifically require the government to enhance transparency were not met.

This unveils a "twin deficit in transparency": (a) a growing lack of transparency in the progress of the programme, and (b) a growing failure to meet IMF commitments that call for increased governmental transparency.