Sri Lanka: Staff Report for the 2005 Article IV Consultation

International Monetary Fund

No 2005/335, IMF Staff Country Reports from International Monetary Fund

Abstract: Sri Lanka’s 2005 Article IV Consultation reports that the fiscal deficit exceeded budget targets, and with a significant amount of government financing provided by the central bank, the growth in monetary aggregates increased, contributing to higher inflation. The near-term economic outlook is to a large extent shaped by the post-tsunami reconstruction effort. Reconstruction and a quick rebound in tourism should maintain growth momentum, but demand pressures and fuel price adjustments are expected to keep inflation in double digits.

Keywords: ISCR; CR; Sri Lanka CPI; equity price; price; staff revenue projection; Colombo CPI; monetary policy; apparel sector; Budget planning and preparation; Natural disasters; Monetary base; Global (search for similar items in EconPapers)
Pages: 73
Date: 2005-09-13
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