European Parliament Library

Sri Lanka :, Second and Third Reviews Under the Stand-By Arrangement-Staff Report; Press Release on the Executive Board Discussion; and Statement by the Executive Director for Sri Lanka

Economic conditions are improving in Sri Lanka, and are likely to show strong growth. The current account remains strong, and tourism arrivals are rapidly improving. Monetary conditions are stable, and the central bank’s policy stance is appropriate. Reforming the board of investment will address the factors that have eroded the tax base and discouraged domestic investors. Fiscal policy adjustment is needed. Tax reform will put in place legislative changes to permanently reform tax concessions. Financial sector reform has continued in line with the program
Table Of Contents
Contents; I. Background; II. Policies and Discussion; A. Improving the Investment Climate; B. Monetary and Exchange Policy; C. Fiscal Policy; Box; 1. Background to the Presidential Tax Commission; D. State Enterprise Reform; E. Financial Sector; III. Program Design and Risks; IV. Staff Assessment; Figures; 1. Economic and Program Performance; 2. Fiscal and Monetary Developments; 3. External and Financial Developments; Tables; 1. Selected Economic Indicators, 2008-2012; 2. Summary of Central Government Operations, 2008-2012; 3. Monetary Accounts, 2008-2012; 4. Balance of Payments, 2008-2012
Literary Form
non fiction
Description based upon print version of record
Physical Description
1 online resource (53 p.)
Specific Material Designation
Form Of Item

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