Sri Lanka: Request for Stand-By Arrangement -Staff Report; Staff Supplements; Press Release on the Executive Board Discussion; and Statement by the Executive Director for Sri Lanka

November 4, 2009

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Sri Lanka: Request for Stand-By Arrangement -Staff Report; Staff Supplements; Press Release on the Executive Board Discussion; and Statement by the Executive Director for Sri Lanka, (USA: International Monetary Fund, 2009) accessed November 23, 2024

Summary

This paper discusses a request from the Sri Lankan authorities for a Stand-By Arrangement (SBA). The proposed SBA (of 400 percent of quota or SDR1.65 billion) would aim to smooth adjustment to the external shock that has hit the country, restore health to the country’s public finances, allow for greater exchange rate flexibility, address weaknesses in the financial system, and protect the most vulnerable from the burden of the needed adjustment. In addition, the IMF program will provide a basis for the authorities to approach donors for supporting a longer-term reconstruction program.

Subject: Banking, Budget planning and preparation, Credit, Debt service, External debt, Public debt, Public financial management (PFM), Revenue administration

Keywords: Authorities' economic reform program, Budget planning and preparation, CBSL intervention policy, CR, Current account, Debt, Debt service, Deficit, Economic reform, Fund credit, Global, Government, Government's program, ISCR, Liquidity position, Reconstruction spending needs

Publication Details

Pages:

92
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2009/310
Stock No:

1LKAEA2009001
ISBN:

9781451823615
ISSN:

1934-7685

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