Sri Lanka: 2013 Article IV Consultation and Proposal for Post-Program Monitoring

International Monetary Fund

No 2013/120, IMF Staff Country Reports from International Monetary Fund

Abstract: The paper discusses the economic developments and policies in Sri Lanka in recent years. Substantial adjustments in energy prices and operational and financial reforms have helped to improve the performance of state owned enterprises (SOEs) and have reduced the burden on the budget and the banking system. Despite challenging global and domestic market conditions, overall soundness of the financial sector has improved with higher levels of capital, liquidity, and healthy earnings. The Sri Lankan economy is expected to return to a high growth trajectory, though conditional on recovery in external demand.

Keywords: ISCR; CR; policy rate corridor; tariff calculation methodology; deficit; cost structure; rate; inflation pressure; staff appraisal; Inflation; Debt burden; Global; Central Asia (search for similar items in EconPapers)
Pages: 66
Date: 2013-05-16
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