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Sri Lanka: Staff Report for the 2005 Article IV Consultation

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  • International Monetary Fund

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.

Suggested Citation

  • International Monetary Fund, 2005. "Sri Lanka: Staff Report for the 2005 Article IV Consultation," IMF Staff Country Reports 2005/335, International Monetary Fund.
    • Handle: RePEc:imf:imfscr:2005/335
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