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
December 3, 2007
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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.
Subject: Debt service, External debt, Foreign exchange, Inflation, Prices, Public debt
Keywords: bond issue, Central Asia, CR, debt, Debt service, GDP data, Global, growth-inflation outlook, Inflation, ISCR, rupee treasury bills, Sri Lankan authorities, Sri Lankan authority
Pages:
71
Volume:
2007
DOI:
Issue:
373
Series:
Country Report No. 2007/373
Stock No:
1LKAEA2007001
ISBN:
9781451823585
ISSN:
1934-7685
