Sri Lanka: Staff Report for the 2003 Article IV Consultation

March 16, 2004

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Sri Lanka: Staff Report for the 2003 Article IV Consultation, (USA: International Monetary Fund, 2004) accessed November 22, 2024

Summary

Since the last Article IV Consultation, the Sri Lankan economy has advanced on several fronts. However, the economic effects of the two-decade long civil conflict are yet to be overcome, and many challenges remain. Recently, heightened political uncertainty has constrained the government’s ability to push ahead with reforms. The financial sector performed well in 2003, but has reacted nervously to recent political developments. The Central Bank of Sri Lanka (CBSL) cut repo rates by 275 basis points over the year.

Subject: Banking, Budget planning and preparation, Commercial banks, Expenditure, Monetary base, Money, Public debt, Public financial management (PFM), Revenue administration

Keywords: Broad money, Budget planning and preparation, Cost of living relief, CR, Deficit target, Elections near., Equity price, Global, Government, Interest rate, ISCR, Monetary base, Restructuring timetable, Sri Lankan authorities, Staff projection

Publication Details

Pages:

70
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2004/068
Stock No:

1LKAEA0012004
ISBN:

9781451823431
ISSN:

1934-7685

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