IMF Staff Country Reports

Sri Lanka: Staff Report for the 2006 Article IV Consultation

Publication Date:

December 21, 2006

Electronic Access:

Free Download. Use the free Adobe Acrobat Reader to view this PDF file

Summary:

The macroeconomic stability of Sri Lanka is analyzed. Reflecting high domestic inflation relative to trading partners, the real effective exchange rate appreciated by 2 percent. Infrastructure development is a central element of the government’s medium-term development strategy. Further efforts to reduce quasi-fiscal losses of the energy companies through adjustments in electricity tariffs, combined with balance sheet restructuring and enhanced operational efficiency are encouraged. Improvement over the quality and coverage of fiscal statistics and the remaining issues needed to meet the Special Data Dissemination Standard (SDDS) requirements are encouraged.

Series:

Country Report No. 2006/446

Subject:

Banking Credit Exports Financial institutions Fiscal consolidation International trade Money Public debt Revenue administration State-owned banks