Sri Lanka 2018 Article IV Consultation and the Fourth Review Under the Extended Arrangement Under the Extended Fund Facility-Press Release; Staff Report; and Statement by the Executive Director for Sri Lanka

This 2018 Article IV Consultation highlights that the Sri Lankan economy is expected to normalize gradually. Following subdued growth in 2017 owing to the lingering effects of weather-related shocks, a recovery is under way as agriculture has started to rebound and growth in exports remains robust....

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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 2018
Series:IMF Staff Country Reports
Subjects:
Online Access:
Collection: International Monetary Fund - Collection details see MPG.ReNa
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653 |a Depository Institutions 
653 |a Inflation 
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653 |a General Aggregative Models: General 
653 |a Credit 
653 |a Public debt 
653 |a Banks 
653 |a Public finance & taxation 
653 |a Industries: Financial Services 
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653 |a Education 
653 |a Sovereign Debt 
653 |a National Government Expenditures and Welfare Programs 
653 |a Taxation, Subsidies, and Revenue: General 
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520 |a This 2018 Article IV Consultation highlights that the Sri Lankan economy is expected to normalize gradually. Following subdued growth in 2017 owing to the lingering effects of weather-related shocks, a recovery is under way as agriculture has started to rebound and growth in exports remains robust. Real GDP growth is expected to reach 4 percent in 2018 and about 5 percent over the medium term. The Central Bank of Sri Lanka has effectively curbed credit growth and stabilized inflation, despite recent pressures. However, the economy remains vulnerable to adverse domestic and external shocks, given the still sizable public debt, large refinancing needs, and low external buffers