Sri Lanka, Nov. 6 -- Sri Lanka may lose out on USD 70 million in potential debt relief under its Governance-Linked Bond (GLB) due to a fiscal planning oversight, according to Verite Research.

The interdisciplinary think tank noted that while the Government's revenue targets for 2026 and 2027 align with the latest IMF projections, they fall just short of the thresholds required to trigger the GLB-linked debt relief.

For 2026 and 2027, the Government has projected revenue levels of 15.2% and 15.3% of GDP, respectively-slightly below the GLB targets of 15.3% and 15.4%.

Verite Research warned that this marginal shortfall could cost the country the USD 70 million relief, underscoring the need for greater precision and ambition in fiscal pla...