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This paper reviews economic and policy developments in Sri Lanka during 1996–98. Despite the slowdown in world trade and economic growth, Sri Lanka’s economy grew in 1998 at close to its historic average rate. The recorded 43⁄4 percent growth in real GDP was lower than 1997 when the...
Persistent link: https://www.econbiz.de/10014397954
The paper discusses the economic developments and policies in Sri Lanka in recent years. Substantial adjustments in energy prices and operational and financial reforms have helped to improve the performance of state owned enterprises (SOEs) and have reduced the burden on the budget and the...
Persistent link: https://www.econbiz.de/10014395208
This paper discusses Sri Lanka’s seventh review under the Stand-By Arrangement and requests for waivers of nonobservance of performance criteria. The strong economic recovery continued in 2011, with growth estimated at 81⁄4 percent. Activity was robust across all sectors, supported by...
Persistent link: https://www.econbiz.de/10014396637
This paper reviews economic developments in Sri Lanka during 1996–98. After slowing to 4 percent in 1996, economic growth recovered to 61⁄2 percent in 1997. The slowdown in 1996 had been mainly owing to a severe drought that affected the agricultural sector and disrupted the power supply....
Persistent link: https://www.econbiz.de/10014398284
This paper reviews economic developments in Sri Lanka during 1995–97. After slowing to 4 percent in 1996, economic growth recovered to 61⁄2 percent in 1997. The slowdown in 1996 had been mainly owing to a severe drought that affected the agricultural sector and disrupted the power supply....
Persistent link: https://www.econbiz.de/10014398338
This Selected Issues paper on Sri Lanka provides background information on economic developments during 1995 and the first half of 1996 and on key policy issues in the current setting. The paper notes that the economic situation has deteriorated on a number of fronts—inflation has risen;...
Persistent link: https://www.econbiz.de/10014398446
The Eighth and Final Review under the Stand-By Arrangement discusses policies and reforms undertaken by the Sri Lankan authorities. 2012 has shown robust growth in GDP supported by increased agricultural and construction activity. However, a weakening global demand has been an impediment to real...
Persistent link: https://www.econbiz.de/10014395495
This paper examines the short-run impact of Sri Lanka’s recent structural adjustment program on the poorest segments of society. While the ultimate goal of all macroeconomic adjustment programs is to overcome structural rigidities and put the economy on a sustainable growth path, some of the...
Persistent link: https://www.econbiz.de/10014396076
Persistent link: https://www.econbiz.de/10000043062