This report provides an integrated view of Sri Lanka's long term development challenges for sustainable growth and poverty reduction. Sri Lanka's substantial achievements in human development are well known. In several dimensions - such as universal primary enrollment, gender equality, infant...

1992 was both a year of bitterness and hope. A decade of civil war had devastated the country but left no clear winner or loser; it was time to try peace. The governing ARENA party and the FMLN rebels signed peace accords requiring the demobilization of the FMLN and its incorporation into the...

"According to the conventional wisdom, when an economy enters a recession and nominal prices adjust slowly, the monetary authority should devalue the domestic currency to make the recession less severe. The reason is that a devaluation of the currency lowers the relative price of non-tradable...