Sri Lanka: Staff Report for the 2003 Article IV Consultation
IMF Staff Country Reports, March 16, 2004
Source details
- Canonical URL
- Sri Lanka: Staff Report for the 2003 Article IV Consultation
Other formats
Bibliographic details
- Published: March 16, 2004
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781451823431.002
Summary and context
- Since the last Article IV Consultation, the Sri Lankan economy has advanced on several fronts.
- The economic effects of the two-decade long civil conflict are yet to be overcome, and many challenges remain.
- Recently, heightened political uncertainty has constrained the government’s ability to push ahead with reforms.
- The Central Bank of Sri Lanka (CBSL) cut repo rates by 275 basis points over the year.
- The financial sector performed well in 2003, but has reacted nervously to recent political developments.
Major themes and subject coverage
- Banking
- Budget planning and preparation
- Commercial banks
- Expenditure
- Monetary base
- Money
- Public debt
- Public financial management (PFM)
- Revenue administration
Keywords and focal issues highlighted
- broad money
- Budget planning and preparation
- cost of living relief
- CR
- deficit target
- elections near.
- equity price
- Global
- government
- interest rate
- ISCR
- Monetary base
- restructuring timetable
- Sri Lankan authorities
- staff projection