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Sri Lanka: 2018 Article IV Consultation and the Fourth Review Under the Extended Arrangement Under the Extended Fund Facility-Press Release; Staff Report; and Statement by the Executive Director for Sri Lanka

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  • International Monetary Fund

Abstract

This 2018 Article IV Consultation highlights that the Sri Lankan economy is expected to normalize gradually. Following subdued growth in 2017 owing to the lingering effects of weather-related shocks, a recovery is under way as agriculture has started to rebound and growth in exports remains robust. Real GDP growth is expected to reach 4 percent in 2018 and about 5 percent over the medium term. The Central Bank of Sri Lanka has effectively curbed credit growth and stabilized inflation, despite recent pressures. However, the economy remains vulnerable to adverse domestic and external shocks, given the still sizable public debt, large refinancing needs, and low external buffers.

Suggested Citation

  • International Monetary Fund, 2018. "Sri Lanka: 2018 Article IV Consultation and the Fourth Review Under the Extended Arrangement Under the Extended Fund Facility-Press Release; Staff Report; and Statement by the Executive Director for S," IMF Staff Country Reports 2018/175, International Monetary Fund.
    • Handle: RePEc:imf:imfscr:2018/175
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    File URL: http://www.imf.org/external/pubs/cat/longres.aspx?sk=45997
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    Cited by:

    1. Elisabeth Paul & N’koué Emmanuel Sambiéni & Jean-Pierre Wangbe & Fabienne Fecher & Marc Bourgeois, 2020. "Budgeting challenges on the path towards universal health coverage: the case of Benin," Health Economics Review, Springer, vol. 10(1), pages 1-8, December.
    2. Elisabeth Paul & N'koué Emmanuel Sambiéni & Jean-Pierre Wangbe & Fabienne Fecher & Marc Bourgeois, 2020. "Budgeting challenges on the path towards universal health coverage: the case of Benin," ULB Institutional Repository 2013/312499, ULB -- Universite Libre de Bruxelles.

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