Sri Lanka: 2018 Article IV Consultation and the Fourth Review Under the Extended Arrangement Under the Extended Fund Facility-Press Release; Staff Report; and Statement by the Executive Director for Sri Lanka
IMF Staff Country Reports, June 20, 2018
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- Canonical URL
- Sri Lanka: 2018 Article IV Consultation and the Fourth Review Under the Extended Arrangement Under the Extended Fund Facility-Press Release; Staff Report; and Statement by the Executive Director for Sri Lanka
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Bibliographic details
- Published: June 20, 2018
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781484362310.002
Economic outlook and growth projections
- Following subdued growth in 2017 owing to the lingering effects of weather-related shocks, a recovery is under way as agriculture has started to rebound and growth in exports remains robust.
- Real GDP growth is expected to reach 4 percent in 2018 and about 5 percent over the medium term.
Inflation, credit, and monetary policy
- The Central Bank of Sri Lanka has effectively curbed credit growth and stabilized inflation, despite recent pressures.
Fiscal position and external vulnerabilities
- The economy remains vulnerable to adverse domestic and external shocks, given the still sizable public debt, large refinancing needs, and low external buffers.
Subject coverage and keywords (as listed)
- Subjects: Banking, Credit, Government debt management, Money, National accounts, Public debt, Public financial management (PFM), Revenue administration
- Keywords: CR, Credit, credit growth, economy, EFF program, energy-pricing reform, Global, government, Government debt management, ISCR, plan, reform momentum, rupee-denominated government securities market, Sri Lankan authorities
Content in this bundle
- Country Report