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Sri Lanka Development Update, November 2017: Creating Opportunities and Managing Risks for Sustained Growth

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dc.contributor.authorWorld Bank
dc.date.accessioned2017-11-13T21:51:19Z
dc.date.available2017-11-13T21:51:19Z
dc.date.issued2017-11-01
dc.description.abstractDespite significant challenges, Sri Lanka's economic performance remained broadly satisfactory in the first half of 2017. The corrective policy measures taken in the monetary and fiscal fronts have led to gradual stabilization. The construction sector's rapid recovery supported by a strong rebound in investment was partially able to mitigate the impact of inclement weather conditions on the real sector. External buffers strengthened thanks to foreign exchange purchases and improved capital flows. Inflation has risen since the second half of 2016 on account of drought and changes to the VAT Act. Authorities pursued the economic reform agenda presented in the government policy statements, albeit at a slower pace, owing to the difficulties faced in a complex political environment and institutional constraints on policy implementation. Parliament passed a new Inland Revenue Law in September 2017, which marks a key milestone towards sustainable revenue-led fiscal consolidation.en
dc.identifierhttp://documents.worldbank.org/curated/en/955451509391414963/Sri-Lanka-Development-update
dc.identifier.doi10.1596/28826
dc.identifier.urihttps://hdl.handle.net/10986/28826
dc.languageEnglish
dc.publisherWashington, DC
dc.rightsCC BY 3.0 IGO
dc.rights.holderWorld Bank
dc.rights.urihttp://creativecommons.org/licenses/by/3.0/igo
dc.subjectECONOMIC OUTLOOK
dc.subjectRISKS
dc.subjectPRIORITIES
dc.subjectFISCAL REFORM
dc.subjectTRADE POLICY REFORM
dc.subjectPUBLIC DEBT
dc.subjectNATURAL DISASTERS
dc.subjectCLIMATE CHANGE
dc.titleSri Lanka Development Update, November 2017en
dc.title.subtitleCreating Opportunities and Managing Risks for Sustained Growthen
dc.typeReporten
dc.typeRapportfr
dc.typeInformees
dspace.entity.typePublication
okr.crossref.titleSri Lanka Development Update, November 2017
okr.date.disclosure2017-10-31
okr.doctypeEconomic & Sector Work::Economic Updates and Modeling
okr.doctypeEconomic & Sector Work
okr.docurlhttp://documents.worldbank.org/curated/en/955451509391414963/Sri-Lanka-Development-update
okr.guid955451509391414963
okr.identifier.doi10.1596/28826
okr.identifier.externaldocumentum090224b0851dbcb9_4_0
okr.identifier.internaldocumentum28119580
okr.identifier.report120728
okr.importedtrueen
okr.language.supporteden
okr.pdfurlhttp://documents.worldbank.org/curated/en/955451509391414963/pdf/120728-REVISED-Sri-Lanka-Development-Update-November-2017-final-31102017.pdfen
okr.region.administrativeSouth Asia
okr.region.countrySri Lanka
okr.themeEconomic management :: Analysis of economic growth
okr.topicEnvironment::Natural Disasters
okr.topicInternational Economics and Trade::Trade Policy
okr.topicMacroeconomics and Economic Growth::Economic Growth
okr.topicMacroeconomics and Economic Growth::Economic Policy, Institutions and Governance
okr.topicMacroeconomics and Economic Growth::Fiscal & Monetary Policy
okr.unitGMF - South Asia (GMF06)
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