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.

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...

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Bibliographic Details
Corporate Author: International Monetary Fund. Asia and Pacific Dept
Format: Journal
Language:English
Published: Washington, D.C. : International Monetary Fund, 2016.
Series:IMF Staff Country Reports; Country Report ; No. 2016/371
Online Access:Full text available on IMF
Description
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.
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Physical Description:1 online resource (71 pages)
Format:Mode of access: Internet
ISSN:1934-7685
Access:Electronic access restricted to authorized BRAC University faculty, staff and students