Sri Lanka: Third Post-Program Monitoring Discussion-Staff Report; Press Release; and Statement by the Executive Director for Sri Lanka

International Monetary Fund

No 2015/335, IMF Staff Country Reports from International Monetary Fund

Abstract: This paper focuses on Sri Lanka’s Third Post-Program Monitoring Discussion. Sri Lanka’s recent macroeconomic performance has generally been strong but risks appear to be on the rise. Real GDP growth registered 7.4 percent in 2014. Growth was broad-based, with the exception of agriculture, which suffered from drought early in the year and heavy rains and flooding in the fourth quarter. Price pressures have been contained, with headline and core inflation declining to 2.1 and 1.2 percent, respectively, by end-year. The outlook is broadly stable but set against heightened downside risks.

Keywords: ISCR; CR; headline inflation; core inflation; inflation expectation; government; deficit target; credit growth; growth momentum; Credit; Inflation; Budget planning and preparation; International reserves; Global; Central Asia; Europe (search for similar items in EconPapers)
Pages: 36
Date: 2015-12-10
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