Sri Lanka : Recapturing Missed Opportunities
Despite its healthy economic growth, due to good macroeconomic management, and progress in trade liberalization, Sri Lanka's development is perceived to be well below its potential. Certainly, the civil conflict has taken a heavy social, and e...
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| Language: | English en_US |
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Washington, DC
2013
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| Online Access: | http://documents.worldbank.org/curated/en/2000/06/437074/sri-lanka-recapturing-missed-opportunities http://hdl.handle.net/10986/15254 |
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okr-10986-15254 |
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| recordtype |
oai_dc |
| repository_type |
Digital Repository |
| institution_category |
Foreign Institution |
| institution |
Digital Repositories |
| building |
World Bank Open Knowledge Repository |
| collection |
World Bank |
| language |
English en_US |
| topic |
ACCOUNTABILITY ADB ADMINISTRATIVE COSTS ADVERSE IMPACTS AGRICULTURE BALANCE OF PAYMENTS BANK RESTRUCTURING BORROWING CAPITAL EXPENDITURES CAPITAL FLOWS CENTRAL BANK CENTRAL BANK OF SRI LANKA CIVIL SERVICE COMMERCIAL BANKS COMPETITIVENESS CONSOLIDATION CONSULTATIVE PROCESS CONSUMER PRICE INDEX CRIME CURRENT EXPENDITURES DEBT DEBT SERVICE DEBT SERVICING DECENTRALIZATION DIRECT INVESTMENT DISSAVINGS EARNINGS GROWTH ECONOMIC DEVELOPMENT ECONOMIC GROWTH ECONOMIC OUTCOMES ECONOMIC PERFORMANCE ECONOMIC PROBLEMS ELECTRICITY ELECTRICITY GENERATION EMPLOYMENT EXCHANGE RATE EXCISE TAXES EXPENDITURES EXPORTS FINANCIAL ACCOUNTABILITY FINANCIAL MANAGEMENT FINANCIAL MARKETS FINANCIAL SECTOR FISCAL YEAR FISHING FOREIGN INVESTORS GDP GNP GOOD GOVERNANCE GOVERNANCE ISSUES GOVERNMENT DEBT GROSS DOMESTIC PRODUCT GROSS NATIONAL PRODUCT GROSS NATIONAL SAVINGS GROWTH PATH GROWTH PERFORMANCE GROWTH RATE GROWTH RATES HUMAN DEVELOPMENT HUMAN RESOURCE HUMAN RIGHTS IMPORTS INCOME INCOME GROWTH INEQUALITY INFLATION INTEREST RATES INTERNATIONAL DEVELOPMENT LAND USE MACROECONOMIC MANAGEMENT MACROECONOMIC POLICIES MIGRATION MONETARY POLICY PARLIAMENT PARLIAMENTARY OVERSIGHT PER CAPITA INCOME PER CAPITA INCOMES POLITICAL CONDITIONS POLITICAL LEADERS POOR PERFORMANCE POVERTY LINE PRICE INCENTIVES PRICE INCREASES PRIME MINISTER PRIVATE SECTOR PRIVATE SECTOR PARTICIPATION PRIVATIZATION PRODUCERS PRODUCTIVITY PROFITABILITY PUBLIC DEBT PUBLIC FINANCES PUBLIC INSTITUTIONS PUBLIC SECTOR PUBLIC SERVANTS PUBLIC SERVICE REAL GDP REAL SECTOR RECURRENT EXPENDITURES REGULATORY FRAMEWORK RESERVE REQUIREMENT REVENUE PERFORMANCE SAVINGS SOCIAL COSTS SOCIAL DEVELOPMENT SOCIAL POLICIES STATE BANKS SUBSIDIARY TAX TAX ADMINISTRATION TAX INCENTIVES TAX REFORMS TAX REVENUE TAX REVENUES TAXATION TELECOMMUNICATIONS TELEPHONE LINES TRADE LIBERALIZATION TRADE TAXES TRANSPORT TREASURY TURNOVER TAXES UNEMPLOYMENT UTILITIES VALUE ADDED WAGES YOUTH ECONOMIC GROWTH TRADE LIBERALIZATION ECONOMIC MANAGEMENT DEVELOPMENT POTENTIAL SOCIAL CONDITIONS POVERTY GOVERNANCE PUBLIC INSTITUTIONS PUBLIC FINANCE FISCAL CONSTRAINTS MONETARY POLICY EXCHANGE RATE POLICY POVERTY REDUCTION REFORM POLICY PRODUCTIVITY POLICY EMPLOYMENT GENERATION PERFORMANCE INDICATORS GOVERNMENT ROLE FISCAL DEFICITS PUBLIC EXPENDITURES LABOR MARKETS PRIVATIZATION DECENTRALIZATION STAKEHOLDER PARTICIPATION CIVIL WAR |
| spellingShingle |
ACCOUNTABILITY ADB ADMINISTRATIVE COSTS ADVERSE IMPACTS AGRICULTURE BALANCE OF PAYMENTS BANK RESTRUCTURING BORROWING CAPITAL EXPENDITURES CAPITAL FLOWS CENTRAL BANK CENTRAL BANK OF SRI LANKA CIVIL SERVICE COMMERCIAL BANKS COMPETITIVENESS CONSOLIDATION CONSULTATIVE PROCESS CONSUMER PRICE INDEX CRIME CURRENT EXPENDITURES DEBT DEBT SERVICE DEBT SERVICING DECENTRALIZATION DIRECT INVESTMENT DISSAVINGS EARNINGS GROWTH ECONOMIC DEVELOPMENT ECONOMIC GROWTH ECONOMIC OUTCOMES ECONOMIC PERFORMANCE ECONOMIC PROBLEMS ELECTRICITY ELECTRICITY GENERATION EMPLOYMENT EXCHANGE RATE EXCISE TAXES EXPENDITURES EXPORTS FINANCIAL ACCOUNTABILITY FINANCIAL MANAGEMENT FINANCIAL MARKETS FINANCIAL SECTOR FISCAL YEAR FISHING FOREIGN INVESTORS GDP GNP GOOD GOVERNANCE GOVERNANCE ISSUES GOVERNMENT DEBT GROSS DOMESTIC PRODUCT GROSS NATIONAL PRODUCT GROSS NATIONAL SAVINGS GROWTH PATH GROWTH PERFORMANCE GROWTH RATE GROWTH RATES HUMAN DEVELOPMENT HUMAN RESOURCE HUMAN RIGHTS IMPORTS INCOME INCOME GROWTH INEQUALITY INFLATION INTEREST RATES INTERNATIONAL DEVELOPMENT LAND USE MACROECONOMIC MANAGEMENT MACROECONOMIC POLICIES MIGRATION MONETARY POLICY PARLIAMENT PARLIAMENTARY OVERSIGHT PER CAPITA INCOME PER CAPITA INCOMES POLITICAL CONDITIONS POLITICAL LEADERS POOR PERFORMANCE POVERTY LINE PRICE INCENTIVES PRICE INCREASES PRIME MINISTER PRIVATE SECTOR PRIVATE SECTOR PARTICIPATION PRIVATIZATION PRODUCERS PRODUCTIVITY PROFITABILITY PUBLIC DEBT PUBLIC FINANCES PUBLIC INSTITUTIONS PUBLIC SECTOR PUBLIC SERVANTS PUBLIC SERVICE REAL GDP REAL SECTOR RECURRENT EXPENDITURES REGULATORY FRAMEWORK RESERVE REQUIREMENT REVENUE PERFORMANCE SAVINGS SOCIAL COSTS SOCIAL DEVELOPMENT SOCIAL POLICIES STATE BANKS SUBSIDIARY TAX TAX ADMINISTRATION TAX INCENTIVES TAX REFORMS TAX REVENUE TAX REVENUES TAXATION TELECOMMUNICATIONS TELEPHONE LINES TRADE LIBERALIZATION TRADE TAXES TRANSPORT TREASURY TURNOVER TAXES UNEMPLOYMENT UTILITIES VALUE ADDED WAGES YOUTH ECONOMIC GROWTH TRADE LIBERALIZATION ECONOMIC MANAGEMENT DEVELOPMENT POTENTIAL SOCIAL CONDITIONS POVERTY GOVERNANCE PUBLIC INSTITUTIONS PUBLIC FINANCE FISCAL CONSTRAINTS MONETARY POLICY EXCHANGE RATE POLICY POVERTY REDUCTION REFORM POLICY PRODUCTIVITY POLICY EMPLOYMENT GENERATION PERFORMANCE INDICATORS GOVERNMENT ROLE FISCAL DEFICITS PUBLIC EXPENDITURES LABOR MARKETS PRIVATIZATION DECENTRALIZATION STAKEHOLDER PARTICIPATION CIVIL WAR World Bank Sri Lanka : Recapturing Missed Opportunities |
| geographic_facet |
South Asia Sri Lanka |
| description |
Despite its healthy economic growth, due
to good macroeconomic management, and progress in trade
liberalization, Sri Lanka's development is perceived to
be well below its potential. Certainly, the civil conflict
has taken a heavy social, and economic toll on the
country's performance, but also governance, and public
institutions have weakened, though maintaining a dominance
on the financial sector, and utilities, which further
exacerbates productivity, having lost opportunities, in
terms of growth, and employment. The study examines recent
economic, and social performance, indicating the priority
challenges the country needs to face, and vulnerabilities to
overcome. Resolving the civil conflict should be paramount.
In addition, the role of government needs to be not only
revised, but reduced, through strong policy reforms, reduce
the fiscal deficit, improve the structure of expenditures,
and remove policy distortions in the labor market. The
privatization process needs to be enhanced, through reduced
numbers of public institutions, effective decentralization,
and addressing governance weaknesses. The dimensions of
poverty are addressed, exploring vulnerability, insecurity,
and marginal poverty, suggesting governance issues in
poverty programs, and issues for future poverty strategy.
Above all, success lies in the full collaboration of all stakeholders. |
| author |
World Bank |
| author_facet |
World Bank |
| author_sort |
World Bank |
| title |
Sri Lanka : Recapturing Missed Opportunities |
| title_short |
Sri Lanka : Recapturing Missed Opportunities |
| title_full |
Sri Lanka : Recapturing Missed Opportunities |
| title_fullStr |
Sri Lanka : Recapturing Missed Opportunities |
| title_full_unstemmed |
Sri Lanka : Recapturing Missed Opportunities |
| title_sort |
sri lanka : recapturing missed opportunities |
| publisher |
Washington, DC |
| publishDate |
2013 |
| url |
http://documents.worldbank.org/curated/en/2000/06/437074/sri-lanka-recapturing-missed-opportunities http://hdl.handle.net/10986/15254 |
| _version_ |
1764427267158573056 |
| spelling |
okr-10986-152542021-04-23T14:03:15Z Sri Lanka : Recapturing Missed Opportunities World Bank ACCOUNTABILITY ADB ADMINISTRATIVE COSTS ADVERSE IMPACTS AGRICULTURE BALANCE OF PAYMENTS BANK RESTRUCTURING BORROWING CAPITAL EXPENDITURES CAPITAL FLOWS CENTRAL BANK CENTRAL BANK OF SRI LANKA CIVIL SERVICE COMMERCIAL BANKS COMPETITIVENESS CONSOLIDATION CONSULTATIVE PROCESS CONSUMER PRICE INDEX CRIME CURRENT EXPENDITURES DEBT DEBT SERVICE DEBT SERVICING DECENTRALIZATION DIRECT INVESTMENT DISSAVINGS EARNINGS GROWTH ECONOMIC DEVELOPMENT ECONOMIC GROWTH ECONOMIC OUTCOMES ECONOMIC PERFORMANCE ECONOMIC PROBLEMS ELECTRICITY ELECTRICITY GENERATION EMPLOYMENT EXCHANGE RATE EXCISE TAXES EXPENDITURES EXPORTS FINANCIAL ACCOUNTABILITY FINANCIAL MANAGEMENT FINANCIAL MARKETS FINANCIAL SECTOR FISCAL YEAR FISHING FOREIGN INVESTORS GDP GNP GOOD GOVERNANCE GOVERNANCE ISSUES GOVERNMENT DEBT GROSS DOMESTIC PRODUCT GROSS NATIONAL PRODUCT GROSS NATIONAL SAVINGS GROWTH PATH GROWTH PERFORMANCE GROWTH RATE GROWTH RATES HUMAN DEVELOPMENT HUMAN RESOURCE HUMAN RIGHTS IMPORTS INCOME INCOME GROWTH INEQUALITY INFLATION INTEREST RATES INTERNATIONAL DEVELOPMENT LAND USE MACROECONOMIC MANAGEMENT MACROECONOMIC POLICIES MIGRATION MONETARY POLICY PARLIAMENT PARLIAMENTARY OVERSIGHT PER CAPITA INCOME PER CAPITA INCOMES POLITICAL CONDITIONS POLITICAL LEADERS POOR PERFORMANCE POVERTY LINE PRICE INCENTIVES PRICE INCREASES PRIME MINISTER PRIVATE SECTOR PRIVATE SECTOR PARTICIPATION PRIVATIZATION PRODUCERS PRODUCTIVITY PROFITABILITY PUBLIC DEBT PUBLIC FINANCES PUBLIC INSTITUTIONS PUBLIC SECTOR PUBLIC SERVANTS PUBLIC SERVICE REAL GDP REAL SECTOR RECURRENT EXPENDITURES REGULATORY FRAMEWORK RESERVE REQUIREMENT REVENUE PERFORMANCE SAVINGS SOCIAL COSTS SOCIAL DEVELOPMENT SOCIAL POLICIES STATE BANKS SUBSIDIARY TAX TAX ADMINISTRATION TAX INCENTIVES TAX REFORMS TAX REVENUE TAX REVENUES TAXATION TELECOMMUNICATIONS TELEPHONE LINES TRADE LIBERALIZATION TRADE TAXES TRANSPORT TREASURY TURNOVER TAXES UNEMPLOYMENT UTILITIES VALUE ADDED WAGES YOUTH ECONOMIC GROWTH TRADE LIBERALIZATION ECONOMIC MANAGEMENT DEVELOPMENT POTENTIAL SOCIAL CONDITIONS POVERTY GOVERNANCE PUBLIC INSTITUTIONS PUBLIC FINANCE FISCAL CONSTRAINTS MONETARY POLICY EXCHANGE RATE POLICY POVERTY REDUCTION REFORM POLICY PRODUCTIVITY POLICY EMPLOYMENT GENERATION PERFORMANCE INDICATORS GOVERNMENT ROLE FISCAL DEFICITS PUBLIC EXPENDITURES LABOR MARKETS PRIVATIZATION DECENTRALIZATION STAKEHOLDER PARTICIPATION CIVIL WAR Despite its healthy economic growth, due to good macroeconomic management, and progress in trade liberalization, Sri Lanka's development is perceived to be well below its potential. Certainly, the civil conflict has taken a heavy social, and economic toll on the country's performance, but also governance, and public institutions have weakened, though maintaining a dominance on the financial sector, and utilities, which further exacerbates productivity, having lost opportunities, in terms of growth, and employment. The study examines recent economic, and social performance, indicating the priority challenges the country needs to face, and vulnerabilities to overcome. Resolving the civil conflict should be paramount. In addition, the role of government needs to be not only revised, but reduced, through strong policy reforms, reduce the fiscal deficit, improve the structure of expenditures, and remove policy distortions in the labor market. The privatization process needs to be enhanced, through reduced numbers of public institutions, effective decentralization, and addressing governance weaknesses. The dimensions of poverty are addressed, exploring vulnerability, insecurity, and marginal poverty, suggesting governance issues in poverty programs, and issues for future poverty strategy. Above all, success lies in the full collaboration of all stakeholders. 2013-08-21T16:28:07Z 2013-08-21T16:28:07Z 2000-06-16 http://documents.worldbank.org/curated/en/2000/06/437074/sri-lanka-recapturing-missed-opportunities http://hdl.handle.net/10986/15254 English en_US CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo/ World Bank Washington, DC South Asia Sri Lanka |