Sri Lanka: 2007 Article IV Consultation: Staff Report; Staff Supplements; Public Information Notice on the Executive Board Discussion; and Statement by the Alternate Executive Director for Sri Lanka
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Summary:
The staff report for the 2007 Article IV Consultation on Sri Lanka highlights economic growth development and performance. Rising inflation, a high current account deficit, and low unemployment rate indicate that the economy may be operating at full capacity. High stock of public debt, rising near-term debt service needs, and a low level of reserves point to elevated external vulnerabilities. A more determined fiscal consolidation is essential for demand management and debt sustainability. Greater flexibility in the exchange rate is essential to safeguard reserves.
Series:
Country Report No. 2007/373
Subject:
Debt service External debt Foreign exchange Inflation Prices Public debt
English
Publication Date:
December 3, 2007
ISBN/ISSN:
9781451823585/1934-7685
Stock No:
1LKAEA2007001
Pages:
71
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