Sri Lanka Fourth Post-Program Monitoring Discussion-Press Release; Staff Report; and Statement by the Executive Director for Sri Lanka

This paper discusses recent economic developments, outlook, and policies required to stabilize the economy of Sri Lanka. Recent economic developments reflect a more challenging external environment as well as a sharpening of macro-financial imbalances that began emerging late in 2014. Fiscal consoli...

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Bibliographic Details
Corporate Author: International Monetary Fund Asia and Pacific Dept
Format: eBook
Language:English
Published: Washington, D.C. International Monetary Fund 2016
Series:IMF Staff Country Reports
Subjects:
Online Access:
Collection: International Monetary Fund - Collection details see MPG.ReNa
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245 0 0 |a Sri Lanka  |b Fourth Post-Program Monitoring Discussion-Press Release; Staff Report; and Statement by the Executive Director for Sri Lanka 
260 |a Washington, D.C.  |b International Monetary Fund  |c 2016 
300 |a 49 pages 
651 4 |a Sri Lanka 
653 |a Inflation 
653 |a Credit 
653 |a Income 
653 |a Public debt 
653 |a Public finance & taxation 
653 |a Monetary economics 
653 |a Deflation 
653 |a Debt Management 
653 |a Debts, Public 
653 |a Monetary Policy, Central Banking, and the Supply of Money and Credit: General 
653 |a Debt 
653 |a Trade: General 
653 |a Exports and Imports 
653 |a Aggregate Factor Income Distribution 
653 |a International economics 
653 |a International Lending and Debt Problems 
653 |a Debts, External 
653 |a External debt 
653 |a National accounts 
653 |a Sovereign Debt 
653 |a Price Level 
653 |a Prices 
653 |a Macroeconomics 
653 |a Banking 
653 |a Budgeting & financial management 
653 |a Public Finance 
653 |a Money and Monetary Policy 
653 |a Imports 
653 |a Debt sustainability analysis 
710 2 |a International Monetary Fund  |b Asia and Pacific Dept 
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490 0 |a IMF Staff Country Reports 
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520 |a This paper discusses recent economic developments, outlook, and policies required to stabilize the economy of Sri Lanka. Recent economic developments reflect a more challenging external environment as well as a sharpening of macro-financial imbalances that began emerging late in 2014. Fiscal consolidation has stalled, and public debt is set to rise in 2015. Monetary policy has been on hold since the last rate cut in April 2015, and there appears little room for additional easing. Quick action is needed to reestablish credible policies and restore confidence. Strong fiscal and monetary policies need to be implemented for sustainable economic growth in Sri Lanka