IMF Staff Country Reports

Sri Lanka: Selected Issues

June 13, 2024

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Format: Chicago

International Monetary Fund. Asia and Pacific Dept "Sri Lanka: Selected Issues", IMF Staff Country Reports 2024, 162 (2024), accessed November 12, 2024, https://doi.org/10.5089/9798400279492.002

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Summary

This Selected Issues paper aims at quantifying the economic benefits of comprehensive governance reforms through model simulations, supported by selected case studies in Sri Lanka. The paper provides an overview of the corruption vulnerabilities and governance weaknesses in Sri Lanka. Following the discussion of a theoretical framework that illustrates the channels through which governance reforms generate economic gains, the paper quantitatively simulates the macroeconomic impact of governance reforms using a dynamic general equilibrium model under alternative reform scenarios. A section in the paper complements the simulation with case studies. Support from the highest political level is crucial to ensure durable success of governance reforms. In countries with widespread corruption, many groups may feel that they are benefitting from it.

Subject: Corruption, Crime, Fiscal governance, Fiscal policy, International organization, Monetary policy, Revenue administration, Revenue administration transparency and accountability

Keywords: Corruption, Corruption vulnerability indices, Fiscal governance, Global, Governance reform, Governance weakness, Growth impact of governance, Mapping governance, Revenue administration transparency and accountability

Publication Details

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