Sri Lanka: 2013 Article IV Consultation and Proposal for Post-Program Monitoring
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Summary:
The paper discusses the economic developments and policies in Sri Lanka in recent years. Substantial adjustments in energy prices and operational and financial reforms have helped to improve the performance of state owned enterprises (SOEs) and have reduced the burden on the budget and the banking system. Despite challenging global and domestic market conditions, overall soundness of the financial sector has improved with higher levels of capital, liquidity, and healthy earnings. The Sri Lankan economy is expected to return to a high growth trajectory, though conditional on recovery in external demand.
Series:
Country Report No. 2013/120
Subject:
Banking Debt burden External debt Inflation Prices Public debt Revenue administration
English
Publication Date:
May 16, 2013
ISBN/ISSN:
9781484320433/1934-7685
Stock No:
1LKAEA2013001
Pages:
66
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