01934cas a2200241 a 4500 AALejournalIMF018183 230101c9999 xx r poo 0 0eng d 5.00 USD 9781484337035 1934-7685 BD-DhAAL BD-DhAAL International Monetary Fund. Asia and Pacific Dept. Sri Lanka : Third 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. Washington, D.C. : International Monetary Fund, 2018. 1 online resource (95 pages) IMF Staff Country Reports <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students This paper discusses Sri Lanka's Third Review Under the Extended Arrangement Under the Extended Fund Facility and Request for Modification of Performance Criterion (PC). Performance under the program has remained broadly on track since the second review despite a series of weather-related supply shocks. All end-June and continuous PCs are met. Revenue mobilization has helped meet the quantitative fiscal targets, while strong capital inflows have supported the buildup of international reserves. The budget targets a primary surplus of 1 percent of GDP and frontloads fiscal consolidation toward the authorities' objective of reducing the overall fiscal deficit to 3.5 percent of GDP by 2020. Mode of access: Internet IMF Staff Country Reports; Country Report ; No. 2018/003 Full text available on IMF http://elibrary.imf.org/view/journals/002/2018/003/002.2018.issue-003-en.xml IMF e-Library