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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

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  • International Monetary Fund

Abstract

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.

Suggested Citation

  • International Monetary Fund, 2016. "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 Executiv," IMF Staff Country Reports 2016/371, International Monetary Fund.
    • Handle: RePEc:imf:imfscr:2016/371
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    File URL: http://www.imf.org/external/pubs/cat/longres.aspx?sk=44439
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    Cited by:

    1. Nataliya Trusova & Andriy Sihaiov, 2018. "Debt Burden of the Financial System of Ukraine and European Union Member-States," Oblik i finansi, Institute of Accounting and Finance, issue 1, pages 124-131, March.
    2. Feltenstein, Andrew & Mejia, Carolina & Newhouse, David & Sedrakyan, Gohar, 2017. "The poverty implications of alternative tax reforms: Results from a numerical application to Pakistan," Journal of Asian Economics, Elsevier, vol. 52(C), pages 12-31.
    3. Mohamed Mehdi Jelassi & Ezzeddine Delhoumi, 2021. "What explains the technical efficiency of banks in Tunisia? Evidence from a two-stage data envelopment analysis," Financial Innovation, Springer;Southwestern University of Finance and Economics, vol. 7(1), pages 1-26, December.

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