Sri Lanka: First Review Under the Extended Arrangement Under the Extended Fund Facility and Request for Modification of Performance Criterion-Press Release; Staff Report; and Statement by the Executive Director for Sri Lanka

December 9, 2016

Preview Citation

Format: Chicago

Sri Lanka: First Review Under the Extended Arrangement Under the Extended Fund Facility and Request for Modification of Performance Criterion-Press Release; Staff Report; and Statement by the Executive Director for Sri Lanka, (USA: International Monetary Fund, 2016) accessed November 21, 2024

Summary

This paper discusses Sri Lanka’s First Review Under the Extended Arrangement Under the Extended Fund Facility (EFF) and Request for Modification of Performance Criterion (PCs). Performance under the program has been largely satisfactory. All end-June quantitative PCs were met, together with all indicative targets for June. The structural benchmarks due in July–September were not met, but the authorities have been making progress toward their completion which is now scheduled for December 2016. In light of the progress so far and the authorities’ policy commitments going forward, the IMF staff supports the completion of the First Review under the EFF.

Subject: Banking, Central banks, Credit, Fiscal policy, International reserves, Money, Revenue administration, Taxes, Value-added tax

Keywords: CR, Credit, Credit growth, Disbursement of the equivalent, Global, Government, Government's reform program, IMF staff calculation, IMF staff estimate, International reserves, ISCR, Net, Reform program, SDR, Value-added tax

Publication Details

Pages:

71
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2016/371
Stock No:

1LKAEA2016003
ISBN:

9781475558579
ISSN:

1934-7685

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