斯里兰卡：根据扩展基金机制下的扩展安排进行的第五次和第六次审查、豁免不遵守绩效标准的请求、修改绩效标准和融资保证审查新闻稿；员工报告；斯里兰卡执行主任的发言

SRI LANKA FIFTH AND SIXTH REVIEWS UNDER THE EXTENDEDARRANGEMENT UNDER THE EXTENDED FUNDFACILITY, REQUESTS FOR A WAIVER OFNONOBSERVANCE OFA PERFORMANCE CRITERION,MODIFICATION OF PERFORMANCE CRITERIA, ANDFINANCING ASSURANCESREVIEW—PRESS RELEASE;STAFF REPORT;AND STATEMENT BY THEEXECUTIVEDIRECTOR FORSRI LANKA In the context of theFifth and Sixth Reviews Under theExtended ArrangementUnder theExtended Fund Facility,the following documents have been released and are included inthis package: •APress Releaseincluding a statement by the Chair of the Executive Board. •TheStaff Reportprepared by a staff team of the IMF for the Executive Board’sconsideration onMay 27, 2026, following discussions that ended onApril 9, 2026, withthe officials ofSri Lankaon economic developments and policies underpinning theIMF arrangement under theExtended Fund Facility. Based on information available atthe time of these discussions, the staff report was completed onMay 13, 2026. •AStaff Supplementupdating information on recent developments. •AStatement by the Executive DirectorforSri Lanka. TheIMF’s transparency policy allows for the deletion of market-sensitive information andpremature disclosure of the authorities’ policy intentions in published staff reports andother documents. Copies of this report are available to the public from International Monetary Fund•Publication ServicesPO Box 92780•Washington, D.C. 20090Telephone: (202) 623-7430•Fax: (202) 623-7201E-mail:publications@imf.org Web:http://www.imf.org International Monetary FundWashington, D.C. IMF Executive BoardCompletes theCombinedFifthand SixthReviewsUnder theExtended Fund FacilityforSri Lanka FOR IMMEDIATE RELEASE •The IMFExecutiveBoard completed thecombinedFifthand SixthReviewsoftheExtended Fund FacilityforSri Lanka, providing the country withimmediateaccess toSDR508million (about US$695million) to support economic policies and reforms. •Performanceunder the programwasgenerallystrong.The prior actions on restoring fueland electricity cost-recovery pricing were met.The continuous performance criteria onnonew external paymentarrears andon not imposing or intensifyingimportrestrictions were not observed. Allend-December 2025 quantitativeperformancecriteria were met.Moststructural benchmarkswere met or implemented with a delay. •Thewar in theMiddle EastandtheaftermathofCyclone Ditwahpose downside risks,butthe economy is expected to remain resilient.Hard-won gains from the reform programhave enabled swiftpolicyresponsestosupportthe economyand help protect thevulnerable. Washington, DC–May 27, 2026:The Executive Board of the International Monetary Fund(IMF) completed thecombinedFifthand SixthReviewsof Sri Lanka’s economic reformprogram supported by the48-monthExtended Fund Facility(EFF)arrangement.Completionof the combined reviewsprovidesSDR508million (about US$695million),bringingthe totalpurchasesunder thearrangementto SDR1.778billion (about US$2.4billion).1 The EFF arrangement forSri Lankawasapproved by the Executive Boardon March 20, 2023(seePress ReleaseNo.23/79)inanamountofSDR 2.286 billion (395 percent of quota orabout US$3 billion).ThearrangementsupportsSri Lanka’sreform programtodurablyrestoremacroeconomic stabilityby (i)restoring fiscal anddebt sustainabilitywhile protectingthevulnerable,(ii)safeguardingprice and financial sector stability,(iii)rebuildingexternal buffers,(iv)strengtheninggovernanceandreducingcorruption vulnerabilities,and(v)advancinggrowth-oriented structural reforms. Following the Executive Board’sdiscussion, Mr. Kenji Okamura, Deputy Managing Directorand ActingChair,issued the following statement: “Sri Lanka’s strong implementation under the EFF arrangement has continued despitechallenging circumstances. Gains from the economic reform program helped preserveeconomic resilience and provided room to respond to cyclone Ditwah and the Middle Eastwar.The latter, however, has significantly worsened Sri Lanka’s economic outlook and tiltedrisks to the downside. For 2026, growth is projected to slow down to 3 percent. Higher oilprices would increase inflation and weaken the current account, which wouldalso be adversely impacted by lower tourism receipts. The uncertainty, regarding the war’s intensityand duration, heightens risks to the outlook. “Fiscal easing in 2026 is appropriate in response to the shocks, and the government isimplementing a temporary relief package, while also allocating additional spending to supportrecovery and reconstruction following Cyclone Ditwah. From 2027 onward, theauthorities areappropriately committed to reverting to the primary balance target of 2.3 percent of GDP, aswell as complying with the primary expenditure ceiling. “Program performance remains generally strong, but efforts are required to complete publicfinancial and investment management, and electricity sector reforms. Sustained revenuemobilization is crucial to make the tax system more efficient and growth-enhancing and shouldbe spearheaded by de