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

December 3, 2007

Preview Citation

Format: Chicago

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, (USA: International Monetary Fund, 2007) accessed November 23, 2024

Summary

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.

Subject: Debt service, External debt, Foreign exchange, Inflation, Prices, Public debt

Keywords: Bond issue, Central Asia, CR, Debt, Debt service, GDP data, Global, Growth-inflation outlook, Inflation, ISCR, Rupee treasury bills, Sri Lankan authorities, Sri Lankan authority

Publication Details

Pages:

71
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2007/373
Stock No:

1LKAEA2007001
ISBN:

9781451823585
ISSN:

1934-7685

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