Sri Lanka: 2007 Article IV Consultation: Staff Report; Staff Supplements; Public Information Notice on the Executive Board Discussion; and Statement by the Alternate Executive Director for Sri Lanka

International Monetary Fund

No 2007/373, IMF Staff Country Reports from International Monetary Fund

Abstract: The staff report for the 2007 Article IV Consultation on Sri Lanka highlights economic growth development and performance. Rising inflation, a high current account deficit, and low unemployment rate indicate that the economy may be operating at full capacity. High stock of public debt, rising near-term debt service needs, and a low level of reserves point to elevated external vulnerabilities. A more determined fiscal consolidation is essential for demand management and debt sustainability. Greater flexibility in the exchange rate is essential to safeguard reserves.

Keywords: ISCR; CR; debt; bond issue; Sri Lankan authorities; Sri Lankan authority; growth-inflation outlook; rupee treasury bills; GDP data; Debt service; Inflation; Global; Central Asia (search for similar items in EconPapers)
Pages: 71
Date: 2007-12-03
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