Sri Lanka: Selected Issues
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Summary:
This paper attempts to assess the impact of the oil shock on South Asian economies, including Sri Lanka, as well as policy responses to deal with the shock, and the real income loss for low-income households if fuel subsidies were fully removed. The most important impact has been on the balance of payments followed by the results of poverty and social impact analysis (PSIA) conducted for Sri Lanka. Finally, the paper explores to what extent Sri Lanka’s large receipts of worker remittances serve as a hedge against shocks.
Series:
Country Report No. 2006/447
Subject:
Balance of payments Energy subsidies Expenditure Inflation National accounts Oil prices Personal income Prices Remittances
English
Publication Date:
December 21, 2006
ISBN/ISSN:
9781451823578/1934-7685
Stock No:
1LKAEA2006002
Pages:
42
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