Sri Lanka; Selected Issues

This paper attempts to assess the impact of the oil shock on South Asian economies, including Sri Lanka, as well as policy responses to deal with the shock, and the real income loss for low-income households if fuel subsidies were fully removed. The most important impact has been on the balance of payments followed by the results of poverty and social impact analysis (PSIA) conducted for Sri Lanka. Finally, the paper explores to what extent Sri Lankaâ€™s large receipts of worker remittances serve as a hedge against shocks.

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Year of publication:	2006-12-21
Institutions:	International Monetary Fund (IMF) ; International Monetary Fund
Subject:	Workers remittances \| Selected issues \| Oil prices \| Oil subsidies \| Asia \| oil shock \| oil imports \| terms of trade \| petroleum products \| oil-importing countries \| balance of payments \| oil exporters \| oil shocks \| importing countries \| world oil prices \| higher oil prices \| oil producing \| oil importers \| domestic price \| fuel prices \| commodity prices \| external financing \| exchange rate regimes \| gas imports \| member country \| domestic prices \| oil producing countries \| oil and gas \| capital flows \| oil exports \| automatic fuel \| world prices \| oil market \| exporting countries \| vulnerability to shocks \| import prices \| trade shock \| oil products \| balance of payments crises \| fuel pricing \| oil companies \| external shocks \| fuel consumption \| domestic demand

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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 06/447 4 pages long
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10011242713