Front Matter

Front Matter

Author(s):
John Karlik, Michael Bell, M. Martin, S. Rajcoomar, and Charles Sisson
Published Date:
May 1996
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Financial Programming and Policy: The Case of Sri Lanka

Prepared by a Staff Team in the IMF Institute

led by S. Rajcoomar and Michael Bell

with

John Karlik

Michael Martin

Charles Sisson

IMF Institute

International Monetary Fund

Washington, D.C.

© 1996 International Monetary Fund

Cataloging-in-Publication Data

Financial programming and policy: the case of Sri Lanka / prepared by a staff team in the IMF Institute led by S. Rajcoomar and Michael Bell; with John Karlik, Michael Martin, Charles Sisson — Washington, D.C. : IMF Institute, International Monetary Fund, [1996]

  • p. cm.

ISBN 9781557755797

1. Fiscal policy — Sri Lanka. 2. Sri Lanka — Economic policy. 3. Sri Lanka — Economic conditions. I. Rajcoomar, S. II. Bell, Michael W.

HG187.S7 F46 1996

Price: US$19.00

Please send orders to:

International Monetary Fund, Publication Services

700 19th Street, N.W., Washington, D.C. 20431, U.S.A.

Tel: (202) 623-7430 Telefax: (202) 623-7201

Internet: publications@imf.org

Contents

Preface

This volume was prepared by a staff team in the Asian Division of the IMF Institute under the direction of S. Rajcoomar and Michael Bell. It benefited greatly from comments by Chorng-Huey Wong and Anthony Lanyi. The authors gratefully acknowledge comments received from other colleagues in the Central Asia Department and in the IMF Institute.

The volume contains a series of workshops designed to introduce readers to the process of formulating a hypothetical macroeconomic and structural adjustment program, which is a central element in the financial programming courses offered by the IMF Institute. In addition to elaborating key concepts for the four major sectoral accounts, the workshops are designed to help readers develop step-by-step a reference scenario for Sri Lanka based on the assumption that policies will remain unchanged during the selected program year of 1991. Based on the diagnosis of financial and structural imbalances that emerge from the reference scenario, readers can then elaborate a program scenario for 1991 and the medium term, focusing principally on the macroeconomic aspects of a financial program, but also identifying the main elements of structural reform.

The data used in the workshops have been drawn from official sources and the IMF’s data banks such as International Financial Statistics; in some instances, the presentation has been adapted to facilitate exposition.

The text was edited for publication by Emily Chalmers. The final version was reviewed by Martha Bonilla of the External Relations Department. The authors are grateful to Chris Wu for excellent research assistance, and to Jeanine Moeis, Henrietta Nicol, and Laura Kirkpatrick for unstinting secretarial support. Any opinions expressed are those of the authors and do not necessarily reflect the views of the Sri Lankan authorities, Executive Directors of the IMF, or other members of the IMF staff. The authors bear sole responsibility for any errors.

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