Sri Lanka: Staff Report for the 2006 Article IV Consultation

International Monetary Fund

No 2006/446, IMF Staff Country Reports from International Monetary Fund

Abstract: The macroeconomic stability of Sri Lanka is analyzed. Reflecting high domestic inflation relative to trading partners, the real effective exchange rate appreciated by 2 percent. Infrastructure development is a central element of the government’s medium-term development strategy. Further efforts to reduce quasi-fiscal losses of the energy companies through adjustments in electricity tariffs, combined with balance sheet restructuring and enhanced operational efficiency are encouraged. Improvement over the quality and coverage of fiscal statistics and the remaining issues needed to meet the Special Data Dissemination Standard (SDDS) requirements are encouraged.

Keywords: ISCR; CR; money growth; government; credit growth; Sri Lankan authorities; government securities market; Sri Lankan government; Credit; State-owned banks; Exports; Global (search for similar items in EconPapers)
Pages: 68
Date: 2006-12-21
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