{
  "title": "Sri Lanka: Request for an Extended Arrangement Under the Extended Fund Facility-Press Release; Staff Report; and Statement by the Executive Director for Sri Lanka",
  "publication": "IMF Staff Country Reports, March 20, 2023",
  "sourceUrl": "https://www.imf.org/en/publications/cr/issues/2023/03/20/sri-lanka-request-for-an-extended-arrangement-under-the-extended-fund-facility-press-531191",
  "canonical": "https://www.imf.org/en/publications/cr/issues/2023/03/20/sri-lanka-request-for-an-extended-arrangement-under-the-extended-fund-facility-press-531191",
  "overlayPath": "/en/publications/cr/issues/2023/03/20/sri-lanka-request-for-an-extended-arrangement-under-the-extended-fund-facility-press-531191/index.md",
  "summary": "This paper presents Sri Lanka’s Request for an Extended Arrangement under the Extended Fund Facility (EFF). The objectives of the EFF-supported program are to restore macroeconomic stability and debt sustainability, safeguarding financial stability, and stepping up structural reforms to unlock Sri L",
  "sections": [
    {
      "heading": "Program objectives and overview",
      "content": "- Presents Sri Lanka’s Request for an Extended Arrangement under the Extended Fund Facility (EFF).\n- Objectives of the EFF-supported program:\n  - restore macroeconomic stability and debt sustainability,\n  - safeguard financial stability,\n  - step up structural reforms to unlock Sri Lanka’s growth potential.\n- Program measures are designed to protect the most vulnerable and improve governance."
    },
    {
      "heading": "Macroeconomic policy guidance and measures",
      "content": "- Fiscal and monetary stance:\n  - Emphasis on staying committed to the multipronged disinflation strategy to safeguard the credibility of the inflation-targeting regime.\n- Exchange rate and reserves:\n  - Greater exchange rate flexibility recently introduced by the authorities is expected to help rebuild the reserve buffer as market confidence returns.\n- Financial stability:\n  - Safeguarding financial stability is an explicit program objective."
    },
    {
      "heading": "Governance, anti-corruption, and institutional reforms",
      "content": "- Ongoing efforts to tackle corruption should continue, including revamping anti-corruption legislation.\n- The ongoing IMF governance diagnostic mission assessing Sri Lanka’s anticorruption and governance framework should guide a more comprehensive anti-corruption reform agenda.\n- Improving governance is highlighted as integral to program success."
    },
    {
      "heading": "Debt treatment and creditor engagement",
      "content": "- Close collaboration between Sri Lanka and all its creditors is critical to expedite a debt treatment that will restore debt sustainability consistent with program parameters."
    },
    {
      "heading": "Subjects and keywords (as provided)",
      "content": "- Subject: Fiscal consolidation, Fiscal policy, Foreign exchange, Inflation, International organization, Monetary policy, Prices, Public debt, Revenue administration\n- Keywords: arrears to Iran, Fiscal consolidation, Global, IMF program parameter, Inflation, LIOA policy, staff appraisal, staff supplement\n\n---\n\n Content in this bundle\n\n- 1lkaea2023001\n  - 1lkaea2023001 (Markdown version){rel=\"alternate\" type=\"text/markdown\"}\n  - 1lkaea2023001 (PDF){rel=\"external\" type=\"application/pdf\"}"
    }
  ],
  "bullets": [
    "[Markdown version](/en/publications/cr/issues/2023/03/20/sri-lanka-request-for-an-extended-arrangement-under-the-extended-fund-facility-press-531191/index.md)",
    "[Structured JSON version](/en/publications/cr/issues/2023/03/20/sri-lanka-request-for-an-extended-arrangement-under-the-extended-fund-facility-press-531191/index.json)",
    "[Bundle manifest](/en/publications/cr/issues/2023/03/20/sri-lanka-request-for-an-extended-arrangement-under-the-extended-fund-facility-press-531191/bundle-manifest.json)",
    "Published: March 20, 2023",
    "Series: IMF Staff Country Reports",
    "DOI: https://doi.org/10.5089/9798400238987.002",
    "Presents Sri Lanka’s Request for an Extended Arrangement under the Extended Fund Facility (EFF).",
    "Objectives of the EFF-supported program:",
    "Program measures are designed to protect the most vulnerable and improve governance.",
    "Fiscal and monetary stance:",
    "Exchange rate and reserves:",
    "Financial stability:",
    "Ongoing efforts to tackle corruption should continue, including revamping anti-corruption legislation.",
    "The ongoing IMF governance diagnostic mission assessing Sri Lanka’s anticorruption and governance framework should guide a more comprehensive anti-corruption reform agenda.",
    "Improving governance is highlighted as integral to program success.",
    "Close collaboration between Sri Lanka and all its creditors is critical to expedite a debt treatment that will restore debt sustainability consistent with program parameters.",
    "Subject: Fiscal consolidation, Fiscal policy, Foreign exchange, Inflation, International organization, Monetary policy, Prices, Public debt, Revenue administration",
    "Keywords: arrears to Iran, Fiscal consolidation, Global, IMF program parameter, Inflation, LIOA policy, staff appraisal, staff supplement",
    "**1lkaea2023001**"
  ],
  "related": [
    {
      "title": "1lkaea2023001",
      "role": "document",
      "sourceUrl": "https://www.imf.org/-/media/files/publications/cr/2023/english/1lkaea2023001.pdf",
      "summary": {
        "path": "/-/media/files/publications/cr/2023/english/1lkaea2023001.pdf.md",
        "mime": "text/markdown"
      },
      "binary": {
        "path": "/-/media/files/publications/cr/2023/english/1lkaea2023001.pdf",
        "mime": "application/pdf"
      }
    }
  ],
  "alternates": {
    "markdown": "/en/publications/cr/issues/2023/03/20/sri-lanka-request-for-an-extended-arrangement-under-the-extended-fund-facility-press-531191/index.md",
    "json": "/en/publications/cr/issues/2023/03/20/sri-lanka-request-for-an-extended-arrangement-under-the-extended-fund-facility-press-531191/index.json",
    "bundleManifest": "/en/publications/cr/issues/2023/03/20/sri-lanka-request-for-an-extended-arrangement-under-the-extended-fund-facility-press-531191/bundle-manifest.json"
  },
  "generatedAtUtc": "2026-09-12T03:34:50.402Z"
}