Sri Lanka: Selected Issues

International Monetary Fund

No 2006/447, IMF Staff Country Reports from International Monetary Fund

Abstract: This paper attempts to assess the impact of the oil shock on South Asian economies, including Sri Lanka, as well as policy responses to deal with the shock, and the real income loss for low-income households if fuel subsidies were fully removed. The most important impact has been on the balance of payments followed by the results of poverty and social impact analysis (PSIA) conducted for Sri Lanka. Finally, the paper explores to what extent Sri Lanka’s large receipts of worker remittances serve as a hedge against shocks.

Keywords: ISCR; CR; price; remittance; Rs.; GDP; remittance receipt; remittance flow; system database; price pass-through; nonfuel commodity price; Personal income; Remittances; Energy subsidies; Oil prices; Inflation; South Asia; Asia and Pacific; Global (search for similar items in EconPapers)
Pages: 42
Date: 2006-12-21
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