Sri Lanka : First Review Under the Stand-By Arrangement; Staff Report; Press Release on the Executive Board Discussion; and Statement by the Executive Director for Sri Lanka.

Sri Lanka' performance under the Stand-by Arrangement is encouraging, but fundamental vulnerabilities remain. Executive Directors emphasized the need for strict adherence to program targets and steadfast implementation of the reform agenda. They commended deficit reduction and planned fiscal re...

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Détails bibliographiques
Collectivité auteur: International Monetary Fund
Format: Revue
Langue:English
Publié: Washington, D.C. : International Monetary Fund, 2010.
Collection:IMF Staff Country Reports; Country Report ; No. 2010/260
Accès en ligne:Full text available on IMF
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520 3 |a Sri Lanka' performance under the Stand-by Arrangement is encouraging, but fundamental vulnerabilities remain. Executive Directors emphasized the need for strict adherence to program targets and steadfast implementation of the reform agenda. They commended deficit reduction and planned fiscal reforms through expenditure restraint and tax reform for simplifying the system. They appreciated the improvement in financial sector reform brought about by improving the bank resolution framework. They emphasized that post-war reconstruction needs should be met by diverting budget resources from military activities, as well as through donor financing. 
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