Sri Lanka: Second and Third Reviews Under the Stand-By Arrangement-Staff Report; Press Release on the Executive Board Discussion; and Statement by the Executive Director for Sri Lanka.

October 29, 2010

Preview Citation

Format: Chicago

Sri Lanka: Second and Third Reviews Under the Stand-By Arrangement-Staff Report; Press Release on the Executive Board Discussion; and Statement by the Executive Director for Sri Lanka., (USA: International Monetary Fund, 2010) accessed November 23, 2024

Summary

Economic conditions are improving in Sri Lanka, and are likely to show strong growth. The current account remains strong, and tourism arrivals are rapidly improving. Monetary conditions are stable, and the central bank’s policy stance is appropriate. Reforming the board of investment will address the factors that have eroded the tax base and discouraged domestic investors. Fiscal policy adjustment is needed. Tax reform will put in place legislative changes to permanently reform tax concessions. Financial sector reform has continued in line with the program.

Subject: Asset and liability management, Budget planning and preparation, Debt reduction, Imports, International trade, Public debt, Public financial management (PFM), Revenue administration, Tax incentives

Keywords: Administration structure, Asia and Pacific, Authorities' reform agenda, Authority, Budget planning and preparation, Budget proposal, Central Asia, Concession regime, CR, Debt reduction, Global, Imports, Interest rate regime, ISCR, Monetary policy stance, Sri Lankan authorities, Tax concession

Publication Details

Pages:

52
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2010/333
Stock No:

1LKAEA2010002
ISBN:

9781455208593
ISSN:

1934-7685

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