Sri Lanka first post-program monitoring discussion (Record no. 75027)

000 -LEADER
fixed length control field 02789nam a22002777a 4500
003 - CONTROL NUMBER IDENTIFIER
control field ipslib
008 - FIXED-LENGTH DATA ELEMENTS--GENERAL INFORMATION
fixed length control field 121219t xxu||||| |||| 00| 0 eng d
020 ## - INTERNATIONAL STANDARD BOOK NUMBER
International Standard Book Number 9781498394024
041 ## - LANGUAGE CODE
Language code of text/sound track or separate title English Language
080 ## - UNIVERSAL DECIMAL CLASSIFICATION NUMBER
Universal Decimal Classification number
110 ## - MAIN ENTRY--CORPORATE NAME
Corporate name or jurisdiction name as entry element International Moneary Fund
9 (RLIN) 1
245 ## - TITLE STATEMENT
Title Sri Lanka first post-program monitoring discussion
260 ## - PUBLICATION, DISTRIBUTION, ETC. (IMPRINT)
Date of publication, distribution, etc 2014
Place of publication, distribution, etc Washington
Name of publisher, distributor, etc International Monetary Fund
300 ## - PHYSICAL DESCRIPTION
Extent 34p.
440 ## - SERIES STATEMENT/ADDED ENTRY--TITLE
Title IMF Country Report
Number of part/section of a work 14/289
9 (RLIN) 1
520 ## - SUMMARY, ETC.
Summary, etc Sri Lanka’s economy has navigated recent market turbulence relatively well. Growth has remained solid, inflation is in mid-single digits, and the current account deficit has narrowed. From mid-May, the exchange rate came under pressure as market expectations of U.S. Federal Reserve tapering shifted, but Sri Lanka’s experience was in line with that of other emerging markets. Since September, market pressures have eased. By some metrics, reserves remain on the low side, but were boosted in late-September by an external debt issue of a large state-owned bank. Monetary policy. Monetary policy has eased progressively since end-2012 as growth slowed, inflation fell, and private sector credit weakened. At the time of the mission, staff recommended keeping monetary policy on hold for the near term. However, policy rates were subsequently reduced, with the central bank citing continued low inflation and the opportunity to stimulate growth to a higher level in 2014. Fiscal policy. The authorities remain committed to fiscal consolidation and intend to meet their 2013 deficit target. However, the steady real decline in government revenue collection poses risks to needed medium-term fiscal consolidation. The 2014 budget offers an opportunity to address the steady slide in revenues, including by further expanding the tax base. External debt. Alongside Sri Lanka’s graduation to middle-income status has come a shift away from concessional, bilateral debt and towards external debt issuance on commercial terms by state owned and commercial banks. While this is a natural progression of financial development, it also raises risks. It is essential that the proceeds of such external borrowing are invested so as to enhance productivity, add to economic resilience, and generate the foreign exchange needed to service future obligations.
650 ## - SUBJECT ADDED ENTRY--TOPICAL TERM
Topical term or geographic name as entry element Post-program monitoring
-- Economic growth
9 (RLIN) 1
Topical term or geographic name as entry element Fiscal policy
-- Fiscal consolidation
9 (RLIN) 1
Topical term or geographic name as entry element Monetary policy
-- Sri Lanka
9 (RLIN) 1
Topical term or geographic name as entry element Exchange rate depreciation
-- Economic indicators
9 (RLIN) 1
Topical term or geographic name as entry element Foreign exchange reserves
9 (RLIN) 1
Topical term or geographic name as entry element Staff reports
9 (RLIN) 1
655 ## - INDEX TERM--GENRE/FORM
Genre/form data or focus term Finance
942 ## - ADDED ENTRY ELEMENTS (KOHA)
Koha item type Electronic Media
Source of classification or shelving scheme
Holdings
Withdrawn status Lost status Source of classification or shelving scheme Damaged status Not for loan Collection code Permanent Location Current Location Date acquired Barcode Date last seen Uniform Resource Identifier Price effective from Koha item type
          Finance Library Library 2014-09-24 CD 1608 2014-09-24 ftp://ftp.ips.lk/ebooks/IMF/IMFCountryRep289.pdf 2014-09-24 Electronic Media