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

Since the start of the three-year Extended Arrangement in June 2016, the economy has begun to stabilize, supported by appropriate monetary and fiscal policies. Progress was made in structural reforms aimed at revenue mobilization and expenditure management, albeit with some delays. The completion of the first review will make available the second purchase equivalent to SDR 119.894 million.