Sri Lanka: Staff Report for the 2002 Article IV Consultation and Final Review Under the Stand-By Arrangement

September 13, 2002

Preview Citation

Format: Chicago

Sri Lanka: Staff Report for the 2002 Article IV Consultation and Final Review Under the Stand-By Arrangement, (USA: International Monetary Fund, 2002) accessed November 22, 2024

Summary

This paper assesses Sri Lanka’s 2002 Article IV Consultation and Final Review Under the Stand-By Arrangement (SBA). Performance under the SBA has been satisfactory, although there are pressures on the budget. All the quantitative performance criteria for end-April 2002 were met and the structural benchmarks completed, albeit with a small delay. Fiscal revenue performance was reasonable in the first half of the year, and the new value-added tax was introduced (after some delay) from August. The authorities have also taken several important steps on their structural reform agenda.

Subject: Banking, Budget planning and preparation, Commercial banks, Economic sectors, Financial institutions, Monetary base, Money, Public debt, Public financial management (PFM), Public sector

Keywords: Asset sale, Banking reform benchmark, Budget planning and preparation, Commercial banks, CR, Draft electricity reform act, Expenditure performance, Global, Government, ISCR, Monetary base, Private sector activity, Private sector growth, Public sector, Sri Lankan authorities, Stand-By Arrangement, Strategy

Publication Details

Pages:

65
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2002/199
Stock No:

1LKAEA0032002
ISBN:

9781451823509
ISSN:

1934-7685

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