Sri Lanka: Selected Issues
December 21, 2006
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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.
Subject: Balance of payments, Energy subsidies, Expenditure, Inflation, National accounts, Oil prices, Personal income, Prices, Remittances
Keywords: Asia and Pacific, CR, Energy subsidies, GDP, Global, Inflation, ISCR, nonfuel commodity price, Oil prices, Personal income, price, price pass-through, remittance, remittance flow, remittance receipt, Remittances, Rs., South Asia, system database
Pages:
42
Volume:
2006
DOI:
Issue:
447
Series:
Country Report No. 2006/447
Stock No:
1LKAEA2006002
ISBN:
9781451823578
ISSN:
1934-7685
