Sri Lanka: Recent Economic Developments

This paper reviews economic developments in Sri Lanka during 1996-98. After slowing to 4 percent in 1996, economic growth recovered to 61⁄2 percent in 1997. The slowdown in 1996 had been mainly owing to a severe drought that affected the agricultural sector and disrupted the power supply. The recove...

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Bibliographic Details
Corporate Author: International Monetary Fund (Author)
Format: Electronic eBook
Language:English
Published: Washington, D.C International Monetary Fund 1998
Series:IMF Staff Country Reports Country Report No. 98/95
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Summary:This paper reviews economic developments in Sri Lanka during 1996-98. After slowing to 4 percent in 1996, economic growth recovered to 61⁄2 percent in 1997. The slowdown in 1996 had been mainly owing to a severe drought that affected the agricultural sector and disrupted the power supply. The recovery in 1997 was strongest in agriculture and manufacturing, supplemented by continued good performance in the services sector, including a rebound in tourism. In addition, significant accomplishments were achieved in economic restructuring, including several successful privatizations and an initial step toward fiscal adjustment
Physical Description:1 Online-Ressource (121 p)
ISBN:145182338X
9781451823387

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