Sri Lanka [electronic resource] : Staff Report for the 2005 Article IV Consultation.
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TextSeries: IMF Staff Country Reports, Country Report ; No. 05/335Publication details: Washington, D.C. : International Monetary Fund, 2005Description: 1 online resource (73 p.)ISBN: 1451823568 :ISSN: 1934-7685Subject(s): Article IV Consultation Reports | Debt Sustainability Analysis | Economic Indicators | Economic Reforms | Poverty Reduction and Growth Facility | Staff ReportsAdditional physical formats: Print Version:: Sri Lanka : Staff Report for the 2005 Article IV ConsultationOnline resources: IMF e-Library | IMF Book Store Abstract: Sri Lanka's 2005 Article IV Consultation reports that the fiscal deficit exceeded budget targets, and with a significant amount of government financing provided by the central bank, the growth in monetary aggregates increased, contributing to higher inflation. The near-term economic outlook is to a large extent shaped by the post-tsunami reconstruction effort. Reconstruction and a quick rebound in tourism should maintain growth momentum, but demand pressures and fuel price adjustments are expected to keep inflation in double digits.
Sri Lanka's 2005 Article IV Consultation reports that the fiscal deficit exceeded budget targets, and with a significant amount of government financing provided by the central bank, the growth in monetary aggregates increased, contributing to higher inflation. The near-term economic outlook is to a large extent shaped by the post-tsunami reconstruction effort. Reconstruction and a quick rebound in tourism should maintain growth momentum, but demand pressures and fuel price adjustments are expected to keep inflation in double digits.
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