European Parliament Library

Sri Lanka :, 2007 Article IV Consultation: Staff Report; Staff Supplements; Public Information Notice on the Executive Board Discussion; and Statement by the Alternate Executive Director for Sri Lanka

The staff report for the 2007 Article IV Consultation on Sri Lanka highlights economic growth development and performance. Rising inflation, a high current account deficit, and low unemployment rate indicate that the economy may be operating at full capacity. High stock of public debt, rising near-term debt service needs, and a low level of reserves point to elevated external vulnerabilities. A more determined fiscal consolidation is essential for demand management and debt sustainability. Greater flexibility in the exchange rate is essential to safeguard reserves
Table Of Contents
Cover; Contents; Executive Summary; I. Background; II. Recent Economic Developments; III. Outlook and Risks; IV. Policy Discussions; A. Fiscal Policy; B. Monetary Policy; C. Exchange Rate Policy; D. Debt Policy; E. Financial Sector Policy; V. Staff Appraisal; Figures; 1. Real, Fiscal, and Monetary Sector Developments; 2. Financial and External Sector Developments; Tables; 1. Selected Economic Indicators, 2004-2008; 2. Monetary Accounts, 2005-2008; 3. Summary of Central Government Operations, 2006-2011; 4. Balance of Payments, 2006-2012; 5. Medium-Term Macroeconomic Framework, 2006-2012
Literary Form
non fiction
Description based upon print version of record
Physical Description
1 online resource (72 p.)
Specific Material Designation
Form Of Item

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