Sri Lanka: Staff Report for the 2006 Article IV Consultation

December 21, 2006

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Sri Lanka: Staff Report for the 2006 Article IV Consultation, (USA: International Monetary Fund, 2006) accessed September 18, 2024

Summary

The macroeconomic stability of Sri Lanka is analyzed. Reflecting high domestic inflation relative to trading partners, the real effective exchange rate appreciated by 2 percent. Infrastructure development is a central element of the government’s medium-term development strategy. Further efforts to reduce quasi-fiscal losses of the energy companies through adjustments in electricity tariffs, combined with balance sheet restructuring and enhanced operational efficiency are encouraged. Improvement over the quality and coverage of fiscal statistics and the remaining issues needed to meet the Special Data Dissemination Standard (SDDS) requirements are encouraged.

Subject: Banking, Credit, Exports, Financial institutions, Fiscal consolidation, International trade, Money, Public debt, Revenue administration, State-owned banks

Keywords: CR, Credit, Credit growth, Exports, Global, Government, Government securities market, ISCR, Money growth, Sri Lankan authorities, Sri Lankan government, State-owned banks

Publication Details

Pages:

68
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2006/446
Stock No:

1LKAEA2006001
ISBN:

9781451942965
ISSN:

1934-7685

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