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.

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Year of publication:	2007-12-03
Institutions:	International Monetary Fund (IMF) ; International Monetary Fund
Subject:	Article IV consultations \| Current account deficits \| Economic growth \| Exchange rates \| Financial sector \| Public debt \| External debt \| Staff appraisals \| debt service \| fiscal consolidation \| commercial debt \| current account \| fiscal deficit \| debt sustainability \| commercial borrowing \| short-term debt \| fiscal policy \| fiscal risks \| balance of payments \| central bank \| debt dynamics \| current account balance \| fiscal deficit target \| domestic financing \| current account deficit \| public finances \| tax base \| tax incentives \| government debt \| budget deficit \| debt sustainability analysis \| external financing \| tax administration \| fiscal deficits \| debt service ? ? ? ? ? ? ? ? ? payments \| debt moratorium \| debt policy \| total external debt \| tax revenue \| domestic debt \| excessive volatility \| capital expenditure \| fiscal stimulus \| debt stock \| fiscal stance \| debt public \| private sector borrowing \| external liabilities \| tax reforms \| repayments \| sovereign bond \| medium-term debt sustainability \| fiscal strategy \| public and publicly guaranteed debt \| account deficits \| reserve accumulation \| public and publicly guaranteed \| fiscal risk \| fiscal measures \| budget projection \| global liquidity \| debt staff \| fiscal losses \| debt management \| debt-service \| debt management strategy \| sovereign debt

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Extent:	application/pdf
Series:	IMF Staff Country Reports.
Type of publication:	Book / Working Paper
Notes:	The text is part of a series IMF Staff Country Reports Number 07/373 7 pages long
Source:	RePEc - Research Papers in Economics

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