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

Author/Editor:

International Monetary Fund

Publication Date:

December 3, 2007

Electronic Access:

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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. 07/373

Subject:

English

Publication Date:

December 3, 2007

ISBN/ISSN:

9781451823585/1934-7685

Stock No:

1LKAEA2007001

Price:

$18.00 (Academic Rate:$18.00)

Format:

Paper

Pages:

71

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