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Sri Lanka: Staff Report for the 2002 Article IV Consultation and Final Review Under the Stand-By Arrangement

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  • International Monetary Fund

Abstract

This paper assesses Sri Lanka’s 2002 Article IV Consultation and Final Review Under the Stand-By Arrangement (SBA). Performance under the SBA has been satisfactory, although there are pressures on the budget. All the quantitative performance criteria for end-April 2002 were met and the structural benchmarks completed, albeit with a small delay. Fiscal revenue performance was reasonable in the first half of the year, and the new value-added tax was introduced (after some delay) from August. The authorities have also taken several important steps on their structural reform agenda.

Suggested Citation

  • International Monetary Fund, 2002. "Sri Lanka: Staff Report for the 2002 Article IV Consultation and Final Review Under the Stand-By Arrangement," IMF Staff Country Reports 2002/199, International Monetary Fund.
    • Handle: RePEc:imf:imfscr:2002/199
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