Sri Lanka: Selected Issues and Statistical Appendix

Author: International Monetary Fund

Volume/Issue: Volume 2005 Issue 337

Publication date: September 2005

ISBN: 9781451972542

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Topics covered in this book

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Banks and Banking , Exports and Imports , Public Finance , Taxation - General , ISCR , CR , export , India , bank , revenue , yield , growth performance , WB business survey , exports to India , NPL problem , bank profit , Exports , Value-added tax , Commercial banks , Income and capital gains taxes , South Asia , East Asia , Central and Eastern Europe , Asia and Pacific

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Summary

This Selected Issues paper on Sri Lanka reviews several issues that highlight both Sri Lanka’s accomplishments and their policy constraints amidst a protracted period of civil conflict and political instability. High intermediation costs have held back development of the financial sector and could also frustrate Sri Lanka’s quest for higher growth. The main constraints to achieving higher growth include the civil conflict, political instability, high fiscal deficits and inflation, and underdeveloped financial markets.