Sri Lanka : Fourth Post-Program Monitoring Discussion-Press Release; Staff Report; and Statement by the Executive Director for Sri Lanka
Electronic Access:
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Summary:
This paper discusses recent economic developments, outlook, and policies required to stabilize the economy of Sri Lanka. Recent economic developments reflect a more challenging external environment as well as a sharpening of macro-financial imbalances that began emerging late in 2014. Fiscal consolidation has stalled, and public debt is set to rise in 2015. Monetary policy has been on hold since the last rate cut in April 2015, and there appears little room for additional easing. Quick action is needed to reestablish credible policies and restore confidence. Strong fiscal and monetary policies need to be implemented for sustainable economic growth in Sri Lanka.
Series:
Country Report No. 16/152
Subject:
Balance of payments statistics Banks Debt sustainability analysis Economic conditions Economic indicators Financial sector Fiscal policy Monetary policy Post-program monitoring Press releases Sri Lanka Staff Reports Tax revenues
English
Publication Date:
June 14, 2016
ISBN/ISSN:
9781484389645/1934-7685
Stock No:
1LKAEA2016002
Format:
Paper
Pages:
49
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