Sri Lanka : Seventh Review under the Stand-By Arrangement and Requests for Waivers of Nonobservance of Performance Criteria, Extension of the Arrangement Period, Rephasing of Purchases, and Establishment of Performance Criteria—Staff Report; Press Release on the Executive Board Discussion; and Statement by the Executive Director for Sri Lanka.

Author/Editor:

International Monetary Fund

Publication Date:

April 19, 2012

Electronic Access:

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Summary:

This paper discusses Sri Lanka’s seventh review under the Stand-By Arrangement and requests for waivers of nonobservance of performance criteria. The strong economic recovery continued in 2011, with growth estimated at 8¼ percent. Activity was robust across all sectors, supported by healthy exports and strong growth in domestic demand. Agriculture recovered from flooding early in the year, and is expected to grow at 6 percent. The rupee came under increasing downward pressure in the second half of 2011, especially after the size of the trade deficit became apparent and started to weigh on sentiment.

Series:

Country Report No. 12/95

Subject:

English

Publication Date:

April 19, 2012

ISBN/ISSN:

9781475503210/1934-7685

Stock No:

1LKAEA2012001

Price:

$18.00 (Academic Rate:$18.00)

Format:

Paper

Pages:

43

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