Sri Lanka: Staff Report for the 2002 Article IV Consultation and Final Review Under the Stand-By Arrangement

International Monetary Fund

No 2002/199, IMF Staff Country Reports from International Monetary Fund

Abstract: This paper assesses Sri Lanka’s 2002 Article IV Consultation and Final Review Under the Stand-By Arrangement (SBA). Performance under the SBA has been satisfactory, although there are pressures on the budget. All the quantitative performance criteria for end-April 2002 were met and the structural benchmarks completed, albeit with a small delay. Fiscal revenue performance was reasonable in the first half of the year, and the new value-added tax was introduced (after some delay) from August. The authorities have also taken several important steps on their structural reform agenda.

Keywords: ISCR; CR; government; Sri Lankan authorities; Stand-By Arrangement; private sector growth; strategy; draft electricity reform act; private sector activity; asset sale; banking reform benchmark; expenditure performance; Budget planning and preparation; Monetary base; Public sector; Commercial banks; Global (search for similar items in EconPapers)
Pages: 65
Date: 2002-09-13
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