Sri Lanka: Background Papers

International Monetary Fund

No 1995/060, IMF Staff Country Reports from International Monetary Fund

Abstract: This Background Paper on Sri Lanka provides information on the economic developments during 1992–95. Developments in the domestic and external sectors are discussed. The deficiencies of the official consumer price index that resulted in a substantial understatement of inflation performance in 1994 and alternative estimates of underlying inflation are described. The structural rigidities in the labor market that perpetuate high unemployment and limit job growth are also described. The paper also examines fiscal sustainability, which emerged as the key medium-term policy objective.

Keywords: ISCR; CR; customs duty; private sector; central bank; public enterprise; exchange rate; labor market; debt ratio; developing country; budget deficit; market share; real interest rate; consumer price; broad money; price index; Tariffs; Agricultural commodities; Imports; Duties; Exports; Asia and Pacific (search for similar items in EconPapers)
Pages: 95
Date: 1995-07-20
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