Sri Lanka: Seventh Review under the Stand-By Arrangement and Requests for Waivers of Nonobservance of Performance Criteria, Extension of the Arrangement Period, Rephasing of Purchases, and Establishment of Performance Criteria—Staff Report; Press Release on the Executive Board Discussion; and Statement by the Executive Director for Sri Lanka.
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Summary:
This paper discusses Sri Lanka’s seventh review under the Stand-By Arrangement and requests for waivers of nonobservance of performance criteria. The strong economic recovery continued in 2011, with growth estimated at 8¼ percent. Activity was robust across all sectors, supported by healthy exports and strong growth in domestic demand. Agriculture recovered from flooding early in the year, and is expected to grow at 6 percent. The rupee came under increasing downward pressure in the second half of 2011, especially after the size of the trade deficit became apparent and started to weigh on sentiment.
Series:
Country Report No. 2012/095
Subject:
Budget planning and preparation Exchange rate arrangements Exchange rate flexibility Foreign exchange Inflation International reserves Oil prices Prices Public financial management (PFM)
English
Publication Date:
April 19, 2012
ISBN/ISSN:
9781475503210/1934-7685
Stock No:
1LKAEA2012001
Pages:
43
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