Sri Lanka Second Review under the Extended Arrangement under the Extended Fund Facility, Request for Waivers of Applicability and Nonobservance of Performance Criterion, 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 Second Review under the Extended Arrangement under the Extended Fund Facility, Request for Waivers of Applicability and Nonobservance of Performance Criterion (PC), and Request for Modification of PCs. The authorities remain committed to the economic reform program a...

Full description

Bibliographic Details
Corporate Author: International Monetary Fund Asia and Pacific Dept
Format: eBook
Language:English
Published: Washington, D.C. International Monetary Fund 2017
Series:IMF Staff Country Reports
Subjects:
Online Access:
Collection: International Monetary Fund - Collection details see MPG.ReNa
LEADER 02864nmm a2200625 u 4500
001 EB001825724
003 EBX01000000000000000992170
005 00000000000000.0
007 cr|||||||||||||||||||||
008 180614 ||| eng
020 |a 9781484315033 
245 0 0 |a Sri Lanka  |b Second Review under the Extended Arrangement under the Extended Fund Facility, Request for Waivers of Applicability and Nonobservance of Performance Criterion, and Request for Modification of Performance Criterion-Press Release; Staff Report; and Statement by the Executive Director for Sri Lanka 
260 |a Washington, D.C.  |b International Monetary Fund  |c 2017 
300 |a 95 pages 
651 4 |a Sri Lanka 
653 |a Depository Institutions 
653 |a Foreign exchange reserves 
653 |a Revenue administration 
653 |a Credit 
653 |a Public debt 
653 |a Banks 
653 |a Finance 
653 |a Public finance & taxation 
653 |a Banks and banking 
653 |a Currency; Foreign exchange 
653 |a Monetary economics 
653 |a Debt Management 
653 |a Debts, Public 
653 |a Micro Finance Institutions 
653 |a Monetary Policy, Central Banking, and the Supply of Money and Credit: General 
653 |a Debt 
653 |a Mortgages 
653 |a Money 
653 |a Central banks 
653 |a Sovereign Debt 
653 |a Foreign Exchange 
653 |a Taxation, Subsidies, and Revenue: General 
653 |a International reserves 
653 |a Exchange rate flexibility 
653 |a Banks and Banking 
653 |a Banking 
653 |a Public Finance 
653 |a Monetary Policy 
653 |a Money and Monetary Policy 
653 |a Finance: General 
653 |a Foreign exchange 
653 |a Revenue 
710 2 |a International Monetary Fund  |b Asia and Pacific Dept 
041 0 7 |a eng  |2 ISO 639-2 
989 |b IMF  |a International Monetary Fund 
490 0 |a IMF Staff Country Reports 
028 5 0 |a 10.5089/9781484315033.002 
856 4 0 |u https://elibrary.imf.org/view/journals/002/2017/253/002.2017.issue-253-en.xml?cid=45178-com-dsp-marc  |x Verlag  |3 Volltext 
082 0 |a 330 
520 |a This paper discusses Sri Lanka’s Second Review under the Extended Arrangement under the Extended Fund Facility, Request for Waivers of Applicability and Nonobservance of Performance Criterion (PC), and Request for Modification of PCs. The authorities remain committed to the economic reform program and undertook meaningful corrective actions where targets were missed. As a prior action, the new Inland Revenue Act will be submitted to Parliament. The authorities have also strengthened tax administration and are conducting a diagnostic review of the value-added tax. The reform momentum should strengthen further, building on the progress made so far