Sri Lanka enacts law to boost renewable energy investment, reform power sector 

Sri Lanka’s parliament passed a law aimed at boosting investment in renewable energy. This legislation is part of the country’s efforts to reduce financial losses in its state-run power monopoly. These actions are part of Sri Lanka’s commitments under a $2.9 billion program with the International Monetary Fund (IMF). 

As part of a $2.9 billion agreement with the IMF, Sri Lanka committed to reforming its state-owned companies to ensure their profitability.