IMF Staff Country Reports

Sri Lanka: Request for a Three-Year Arrangement Under the Poverty Reduction and Growth Facility, and Use of Fund Resources—Request for an Extended Arrangement—Staff Report; Staff Statement; News Brief on the Executive Board Discussion

April 22, 2003

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Format: Chicago

International Monetary Fund. "Sri Lanka: Request for a Three-Year Arrangement Under the Poverty Reduction and Growth Facility, and Use of Fund Resources—Request for an Extended Arrangement—Staff Report; Staff Statement; News Brief on the Executive Board Discussion", IMF Staff Country Reports 2003, 107 (2003), accessed 12/14/2025, https://doi.org/10.5089/9781451823486.002

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Summary

This paper examines Sri Lanka’s Request for a Three-Year Arrangement Under the Poverty Reduction and Growth Facility (PRGF), and a Request for an Extended Arrangement. In line with the Poverty Reduction Strategy Paper (PRSP) and building on the progress made under the Stand-By Arrangement (SBA), the PRGF-Enhanced Fund Facility (EFF)-supported program aims to accelerate economic growth and reduce poverty. The IMF staff recommends extension to the obligations schedule of SBA repurchase expectations arising during July 2003–June 2004.

Subject: Banking, Economic sectors, Expenditure, Labor, Monetary base, Poverty, Public debt, Public sector

Keywords: broad money, broad money growth, CR, financing detail, GDP, Global, ISCR, labor market, net domestic assets, private sector, Public sector, tea export