{
  "title": "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",
  "publication": "IMF Staff Country Reports, December 9, 2016",
  "sourceUrl": "https://www.imf.org/en/publications/cr/issues/2016/12/31/sri-lanka-first-review-under-the-extended-arrangement-under-the-extended-fund-facility-and-44439",
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  "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.",
  "publishDate": "2016-12-09",
  "series": "IMF Staff Country Reports",
  "sections": [
    {
      "heading": "Executive summary",
      "content": "- The 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).\n- Performance under the program has been largely satisfactory.\n- IMF staff supports the completion of the First Review under the EFF in light of progress to date and the authorities’ policy commitments going forward."
    },
    {
      "heading": "Program performance and compliance",
      "content": "- All end-June quantitative PCs were met.\n- All indicative targets for June were met.\n- The structural benchmarks due in July–September were not met.\n- The authorities have been making progress toward completion of the missed structural benchmarks, now scheduled for December 2016."
    },
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      "heading": "Analysis and implications",
      "content": "- Progress toward meeting structural benchmarks, despite the July–September slippage, is sufficient for IMF staff to endorse completion of the First Review.\n- The staff assessment is conditioned on the authorities’ ongoing policy commitments."
    },
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      "heading": "Scope and thematic coverage",
      "content": "- Subject areas: Banking, Central banks, Credit, Fiscal policy, International reserves, Money, Revenue administration, Taxes, Value-added tax.\n- Keywords included in the source: 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.\n\n---\n\n Content in this bundle\n\n- cr16371\n  - cr16371 (Markdown version){rel=\"alternate\" type=\"text/markdown\"}\n  - cr16371 (PDF){rel=\"external\" type=\"application/pdf\"}\n\n---\n\nSource: https://www.imf.org/en/publications/cr/issues/2016/12/31/sri-lanka-first-review-under-the-extended-arrangement-under-the-extended-fund-facility-and-44439"
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    "Published: December 9, 2016",
    "Series: IMF Staff Country Reports",
    "DOI: https://doi.org/10.5089/9781475558579.002",
    "The 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.",
    "IMF staff supports the completion of the First Review under the EFF in light of progress to date and the authorities’ policy commitments going forward.",
    "All end-June quantitative PCs were met.",
    "All indicative targets for June were met.",
    "The structural benchmarks due in July–September were not met.",
    "The authorities have been making progress toward completion of the missed structural benchmarks, now scheduled for December 2016.",
    "Progress toward meeting structural benchmarks, despite the July–September slippage, is sufficient for IMF staff to endorse completion of the First Review.",
    "The staff assessment is conditioned on the authorities’ ongoing policy commitments.",
    "Subject areas: Banking, Central banks, Credit, Fiscal policy, International reserves, Money, Revenue administration, Taxes, Value-added tax.",
    "Keywords included in the source: 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.",
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