## 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](https://www.imf.org/en/publications/cr/issues/2016/12/30/sri-lanka-staff-report-for-the-2003-article-iv-consultation-17258)

## Other formats

- [Markdown version](/en/publications/cr/issues/2016/12/30/sri-lanka-staff-report-for-the-2003-article-iv-consultation-17258/index.md)
- [Structured JSON version](/en/publications/cr/issues/2016/12/30/sri-lanka-staff-report-for-the-2003-article-iv-consultation-17258/index.json)
- [Bundle manifest](/en/publications/cr/issues/2016/12/30/sri-lanka-staff-report-for-the-2003-article-iv-consultation-17258/bundle-manifest.json)

## Bibliographic details
- Published: March 16, 2004
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781451823431.002

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### 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

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_Source: https://www.imf.org/en/publications/cr/issues/2016/12/30/sri-lanka-staff-report-for-the-2003-article-iv-consultation-17258_