Sri Lanka: Selected Issues

June 20, 2018

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Sri Lanka: Selected Issues, (USA: International Monetary Fund, 2018) accessed December 21, 2024

Summary

This Selected Issues paper discusses measures needed for structural transformation in Sri Lanka. The government has ambitious plans to achieve upper middle-income country status in 2025 by transforming Sri Lanka in an Indian Ocean Hub for trade, investment, and services. Stable and transparent regulatory systems would make Sri Lanka’s business environment more attractive for long-term investment and support trade integration. Reviewing trade barriers and developing a phased and sequenced strategy for gradual removal of restrictions is a first necessary step toward enabling more competitive trade. In this regard, the authorities’ decision to gradually rationalize para-tariffs and set up automated approval systems is a welcome step. Ongoing open consultative processes on reform strategies can also help building public consensus in support of these important objectives.

Subject: Credit, Environment, Fiscal policy, Fiscal rules, Gender, Gender inequality, Money, Natural disasters, Women

Keywords: Africa, Caribbean, Cash support, Child care, CR, Credit, Credit growth, Disaster financing risk, East Asia, Financing, Fiscal rules, Gender inequality, Global, Government, ISCR, Natural disasters, Rule, South Asia, Sri Lankan authorities, Women

Publication Details

Pages:

79
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2018/176
Stock No:

1LKAEA2018003
ISBN:

9781484362358
ISSN:

1934-7685

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