Sri Lanka Development Update, November 2017 : Creating Opportunities and Managing Risks for Sustained Growth
Despite 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 constructio...
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Washington, DC
2017
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| Online Access: | http://documents.worldbank.org/curated/en/955451509391414963/Sri-Lanka-Development-update http://hdl.handle.net/10986/28826 |
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okr-10986-288262021-09-10T08:48:03Z Sri Lanka Development Update, November 2017 : Creating Opportunities and Managing Risks for Sustained Growth World Bank ECONOMIC OUTLOOK RISKS PRIORITIES FISCAL REFORM TRADE POLICY REFORM PUBLIC DEBT NATURAL DISASTERS CLIMATE CHANGE Despite 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. 2017-11-13T21:51:19Z 2017-11-13T21:51:19Z 2017-11-01 Report http://documents.worldbank.org/curated/en/955451509391414963/Sri-Lanka-Development-update http://hdl.handle.net/10986/28826 English CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo World Bank Washington, DC Economic & Sector Work :: Economic Updates and Modeling Economic & Sector Work South Asia Sri Lanka |
| repository_type |
Digital Repository |
| institution_category |
Foreign Institution |
| institution |
Digital Repositories |
| building |
World Bank Open Knowledge Repository |
| collection |
World Bank |
| language |
English |
| topic |
ECONOMIC OUTLOOK RISKS PRIORITIES FISCAL REFORM TRADE POLICY REFORM PUBLIC DEBT NATURAL DISASTERS CLIMATE CHANGE |
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ECONOMIC OUTLOOK RISKS PRIORITIES FISCAL REFORM TRADE POLICY REFORM PUBLIC DEBT NATURAL DISASTERS CLIMATE CHANGE World Bank Sri Lanka Development Update, November 2017 : Creating Opportunities and Managing Risks for Sustained Growth |
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South Asia Sri Lanka |
| description |
Despite 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. |
| format |
Report |
| author |
World Bank |
| author_facet |
World Bank |
| author_sort |
World Bank |
| title |
Sri Lanka Development Update, November 2017 : Creating Opportunities and Managing Risks for Sustained Growth |
| title_short |
Sri Lanka Development Update, November 2017 : Creating Opportunities and Managing Risks for Sustained Growth |
| title_full |
Sri Lanka Development Update, November 2017 : Creating Opportunities and Managing Risks for Sustained Growth |
| title_fullStr |
Sri Lanka Development Update, November 2017 : Creating Opportunities and Managing Risks for Sustained Growth |
| title_full_unstemmed |
Sri Lanka Development Update, November 2017 : Creating Opportunities and Managing Risks for Sustained Growth |
| title_sort |
sri lanka development update, november 2017 : creating opportunities and managing risks for sustained growth |
| publisher |
Washington, DC |
| publishDate |
2017 |
| url |
http://documents.worldbank.org/curated/en/955451509391414963/Sri-Lanka-Development-update http://hdl.handle.net/10986/28826 |
| _version_ |
1764467450328383488 |