Sri Lanka: First Review Under the Stand-By Arrangement: Staff Report; Press Release on the Executive Board Discussion; and Statement by the Executive Director for Sri Lanka
Electronic Access:
Free Download. Use the free Adobe Acrobat Reader to view this PDF file
Summary:
Sri Lanka’ performance under the Stand-by Arrangement is encouraging, but fundamental vulnerabilities remain. Executive Directors emphasized the need for strict adherence to program targets and steadfast implementation of the reform agenda. They commended deficit reduction and planned fiscal reforms through expenditure restraint and tax reform for simplifying the system. They appreciated the improvement in financial sector reform brought about by improving the bank resolution framework. They emphasized that post-war reconstruction needs should be met by diverting budget resources from military activities, as well as through donor financing.
Series:
Country Report No. 2010/260
Subject:
Banking Budget planning and preparation Expenditure Fiscal policy Government debt management Monetary base Money Public financial management (PFM)
English
Publication Date:
August 6, 2010
ISBN/ISSN:
9781455202867/1934-7685
Stock No:
1LKAEA2010001
Pages:
43
Please address any questions about this title to publications@imf.org