Sri Lanka : Development Policy Review
This report provides an integrated view of Sri Lanka's long term development challenges for sustainable growth and poverty reduction. Sri Lanka's substantial achievements in human development are well known. In several dimensions - such a...
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| Format: | Development Policy Review (DPR) |
| Language: | English en_US |
| Published: |
Washington, DC
2013
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| Subjects: | |
| Online Access: | http://documents.worldbank.org/curated/en/2004/12/9875554/sri-lanka-development-policy-review http://hdl.handle.net/10986/14577 |
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okr-10986-14577 |
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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 |
ACCESS TO BANK ACCESS TO CREDIT ACCOUNTING ADVERSE CONSEQUENCES AGRICULTURAL COMMODITY AGRICULTURE BANKS BARRIER TO ENTRY BENCHMARK BENEFICIARIES BORROWING BUDGET CONSTRAINT CAPITAL ACCOUNT CAPITAL INFLOW CAPITAL INVESTMENTS CENTRAL BANK CENTRALIZATION CHILD MORTALITY RATES CIVIL CONFLICT COLLATERAL COMMODITIES COMMODITY PRICE COMPETITIVENESS CONCESSIONARY RATES CONSUMER CONSUMERS CONTRIBUTION CONTRIBUTIONS COST EFFECTIVENESS CREDIT MARKETS CURRENT ACCOUNT CURRENT PLANS CUSTOMER BASE DEBT DEBT BURDEN DEBTS DEPRECIATION DEVELOPING COUNTRIES DEVELOPMENT BANK DEVELOPMENT POLICIES DEVELOPMENT POLICY DEVELOPMENT STRATEGY DIVERSIFICATION DOMESTIC MARKET DROUGHTS DURABLE EARNINGS ECONOMIC ACTIVITIES ECONOMIC ACTIVITY ECONOMIC BOOM ECONOMIC COST ECONOMIC COSTS ECONOMIC DEVELOPMENT ECONOMIC GROWTH ECONOMIC HISTORY ECONOMIC LIBERALIZATION ECONOMIC MANAGEMENT ECONOMIC OUTCOMES ECONOMIC PERFORMANCE ECONOMIC POLICIES ECONOMIC PRIORITIES ECONOMIC RESEARCH ECONOMIC SECTORS ECONOMIC STRUCTURE ECONOMIC UTILITY EMPLOYMENT OPPORTUNITIES EQUIPMENT EXCHANGE CONTROL EXCISE TAXES EXPENDITURE EXPENDITURES EXPORT GROWTH EXPORT SHARE EXPORTERS EXPORTS EXTENSION SERVICES EXTERNAL SHOCKS FEMALE WORKERS FINANCIAL LOSSES FINANCIAL SECTOR FINANCIAL SERVICES FISCAL DEFICIT FISCAL DEFICITS FISCAL MANAGEMENT FISCAL PROBLEM FISCAL SUSTAINABILITY FOREIGN CAPITAL FOREIGN DIRECT INVESTMENT FOREIGN EXCHANGE FOREIGN INVESTMENT FOREIGN INVESTORS FREE TRADE GDP GDP PER CAPITA GNP GOVERNMENT DEBT GOVERNMENT EXPENDITURE GOVERNMENT OWNERSHIP GOVERNMENT POLICIES GROWTH POTENTIAL GROWTH RATE HOLDING HOLDINGS HOUSEHOLD INCOMES HUMAN CAPITAL HUMAN DEVELOPMENT HUMAN RESOURCE INCOME INCOME GROUPS INCOME GROWTH INCOME INEQUALITY INCOME LEVEL INCOME TAX INCOME TAXES INDEBTEDNESS INDIRECT COSTS INDUSTRIALIZATION INFLATION INFLATION RATE INFORMATION TECHNOLOGY INFRASTRUCTURE DEVELOPMENT INSTITUTIONAL CAPACITY INSURANCE INTANGIBLE INTEREST PAYMENT INTEREST PAYMENTS INTEREST RATES INTERNATIONAL COMMERCE INTERNATIONAL STANDARDS INVESTING INVESTMENT CLIMATE INVESTMENT CLIMATE ASSESSMENT INVESTMENT POLICY INVESTMENT PROGRAM INVESTMENT REGIME LABOR FORCE LABOR MARKET LAND OWNERSHIP LAND POLICIES LEVIES LEVY LIFE EXPECTANCY LITERACY LOCAL EXCHANGE LOW TARIFF LOW-INCOME LOW-INCOME FAMILIES LOWER INCOME MARKET CONDITIONS MARKET ECONOMY MARKET FAILURES MONOPOLIES NATIONAL SAVING NATIONAL SECURITY NOMINAL INTEREST RATE OPEN ECONOMY PEACE PENSIONS PER CAPITA INCOME PERSONAL INCOME POLITICAL UNCERTAINTIES PORTFOLIO PORTFOLIO INVESTMENT POTENTIAL INVESTORS POVERTY REDUCTION PRICE CONTROLS PRICE UNCERTAINTY PRIVATE CREDIT PRIVATE INVESTMENT PRIVATE INVESTORS PRODUCTIVITY PRODUCTIVITY GROWTH PUBLIC DEBT PUBLIC FINANCES PUBLIC GOODS PUBLIC INVESTMENT PUBLIC SERVICE DELIVERY PUBLIC SPENDING RAPID DEVELOPMENT RAPID GROWTH REAL EXCHANGE RATE REAL GDP RECURRENT COSTS REGULATORY CONSTRAINTS REGULATORY FRAMEWORK REMITTANCE REMITTANCES RESPONSIBILITIES RESUME RETURN RETURNS REVENUE PERFORMANCE SAFETY NETS SALARIES SALARY SAVINGS SECONDARY EDUCATION SECONDARY SCHOOLS SELF-SUFFICIENCY SETTLEMENT SETTLEMENT PROGRAMS SMALLER FIRMS SOCIAL PROTECTION STAKEHOLDERS TARIFF BAND TAX TAX INCENTIVES TAX POLICIES TAX POLICY TAX REVENUES TAX SYSTEM TAXATION TECHNICAL ASSISTANCE TELECOMMUNICATIONS TELEPHONE LINE TERRORISM TRADE BALANCE TRADE LIBERALIZATION TRADE POLICIES TRADE POLICY TRADE REGIME TRADING TURNOVER UNEMPLOYED UNEMPLOYMENT UNEMPLOYMENT RATE VALUABLE VALUE ADDED WAGE WAGES WEB PAGE WELFARE PROGRAMS WELFARE REFORMS WELFARE STATE WELFARE SYSTEM WITHDRAWAL WORLD TRADE |
| spellingShingle |
ACCESS TO BANK ACCESS TO CREDIT ACCOUNTING ADVERSE CONSEQUENCES AGRICULTURAL COMMODITY AGRICULTURE BANKS BARRIER TO ENTRY BENCHMARK BENEFICIARIES BORROWING BUDGET CONSTRAINT CAPITAL ACCOUNT CAPITAL INFLOW CAPITAL INVESTMENTS CENTRAL BANK CENTRALIZATION CHILD MORTALITY RATES CIVIL CONFLICT COLLATERAL COMMODITIES COMMODITY PRICE COMPETITIVENESS CONCESSIONARY RATES CONSUMER CONSUMERS CONTRIBUTION CONTRIBUTIONS COST EFFECTIVENESS CREDIT MARKETS CURRENT ACCOUNT CURRENT PLANS CUSTOMER BASE DEBT DEBT BURDEN DEBTS DEPRECIATION DEVELOPING COUNTRIES DEVELOPMENT BANK DEVELOPMENT POLICIES DEVELOPMENT POLICY DEVELOPMENT STRATEGY DIVERSIFICATION DOMESTIC MARKET DROUGHTS DURABLE EARNINGS ECONOMIC ACTIVITIES ECONOMIC ACTIVITY ECONOMIC BOOM ECONOMIC COST ECONOMIC COSTS ECONOMIC DEVELOPMENT ECONOMIC GROWTH ECONOMIC HISTORY ECONOMIC LIBERALIZATION ECONOMIC MANAGEMENT ECONOMIC OUTCOMES ECONOMIC PERFORMANCE ECONOMIC POLICIES ECONOMIC PRIORITIES ECONOMIC RESEARCH ECONOMIC SECTORS ECONOMIC STRUCTURE ECONOMIC UTILITY EMPLOYMENT OPPORTUNITIES EQUIPMENT EXCHANGE CONTROL EXCISE TAXES EXPENDITURE EXPENDITURES EXPORT GROWTH EXPORT SHARE EXPORTERS EXPORTS EXTENSION SERVICES EXTERNAL SHOCKS FEMALE WORKERS FINANCIAL LOSSES FINANCIAL SECTOR FINANCIAL SERVICES FISCAL DEFICIT FISCAL DEFICITS FISCAL MANAGEMENT FISCAL PROBLEM FISCAL SUSTAINABILITY FOREIGN CAPITAL FOREIGN DIRECT INVESTMENT FOREIGN EXCHANGE FOREIGN INVESTMENT FOREIGN INVESTORS FREE TRADE GDP GDP PER CAPITA GNP GOVERNMENT DEBT GOVERNMENT EXPENDITURE GOVERNMENT OWNERSHIP GOVERNMENT POLICIES GROWTH POTENTIAL GROWTH RATE HOLDING HOLDINGS HOUSEHOLD INCOMES HUMAN CAPITAL HUMAN DEVELOPMENT HUMAN RESOURCE INCOME INCOME GROUPS INCOME GROWTH INCOME INEQUALITY INCOME LEVEL INCOME TAX INCOME TAXES INDEBTEDNESS INDIRECT COSTS INDUSTRIALIZATION INFLATION INFLATION RATE INFORMATION TECHNOLOGY INFRASTRUCTURE DEVELOPMENT INSTITUTIONAL CAPACITY INSURANCE INTANGIBLE INTEREST PAYMENT INTEREST PAYMENTS INTEREST RATES INTERNATIONAL COMMERCE INTERNATIONAL STANDARDS INVESTING INVESTMENT CLIMATE INVESTMENT CLIMATE ASSESSMENT INVESTMENT POLICY INVESTMENT PROGRAM INVESTMENT REGIME LABOR FORCE LABOR MARKET LAND OWNERSHIP LAND POLICIES LEVIES LEVY LIFE EXPECTANCY LITERACY LOCAL EXCHANGE LOW TARIFF LOW-INCOME LOW-INCOME FAMILIES LOWER INCOME MARKET CONDITIONS MARKET ECONOMY MARKET FAILURES MONOPOLIES NATIONAL SAVING NATIONAL SECURITY NOMINAL INTEREST RATE OPEN ECONOMY PEACE PENSIONS PER CAPITA INCOME PERSONAL INCOME POLITICAL UNCERTAINTIES PORTFOLIO PORTFOLIO INVESTMENT POTENTIAL INVESTORS POVERTY REDUCTION PRICE CONTROLS PRICE UNCERTAINTY PRIVATE CREDIT PRIVATE INVESTMENT PRIVATE INVESTORS PRODUCTIVITY PRODUCTIVITY GROWTH PUBLIC DEBT PUBLIC FINANCES PUBLIC GOODS PUBLIC INVESTMENT PUBLIC SERVICE DELIVERY PUBLIC SPENDING RAPID DEVELOPMENT RAPID GROWTH REAL EXCHANGE RATE REAL GDP RECURRENT COSTS REGULATORY CONSTRAINTS REGULATORY FRAMEWORK REMITTANCE REMITTANCES RESPONSIBILITIES RESUME RETURN RETURNS REVENUE PERFORMANCE SAFETY NETS SALARIES SALARY SAVINGS SECONDARY EDUCATION SECONDARY SCHOOLS SELF-SUFFICIENCY SETTLEMENT SETTLEMENT PROGRAMS SMALLER FIRMS SOCIAL PROTECTION STAKEHOLDERS TARIFF BAND TAX TAX INCENTIVES TAX POLICIES TAX POLICY TAX REVENUES TAX SYSTEM TAXATION TECHNICAL ASSISTANCE TELECOMMUNICATIONS TELEPHONE LINE TERRORISM TRADE BALANCE TRADE LIBERALIZATION TRADE POLICIES TRADE POLICY TRADE REGIME TRADING TURNOVER UNEMPLOYED UNEMPLOYMENT UNEMPLOYMENT RATE VALUABLE VALUE ADDED WAGE WAGES WEB PAGE WELFARE PROGRAMS WELFARE REFORMS WELFARE STATE WELFARE SYSTEM WITHDRAWAL WORLD TRADE World Bank Sri Lanka : Development Policy Review |
| geographic_facet |
South Asia Sri Lanka |
| description |
This report provides an integrated view
of Sri Lanka's long term development challenges for
sustainable growth and poverty reduction. Sri Lanka's
substantial achievements in human development are well
known. In several dimensions - such as universal primary
enrollment, gender equality, infant and maternal mortality -
the country is well positioned to meet the Millennium
Development Goals (MDGs). In addition, housing conditions
have substantially improved, relative to the early 1980s, in
particular with respect to housing materials and access to
electricity, safe water and sanitation facilities. However,
despite improved overall access to basic services, large
disparities remain in the access to, and quality of most of
these services. Of particular concern is the fact that
poverty reduction has been slow, while income inequality has
risen in recent years. The disappointing trend in national
poverty incidence also reflects a long-term growth
performance significantly below the country's
potential. The core theme of this report is thus the
following: Sri Lanka must achieve a higher growth rate, but
do so in a manner that poor people, and the poor regions of
the country can more fully participate in this growth. The
report further analyzes early reforms and their impact, as
well as that of private sector participation. However,
despite the increased role of the private sector, little
progress was made in fundamentally redefining the role of
the state, partly owing to Sri Lanka's strong
attachment to a large public sector. An important message of
this report is that much of Sri Lanka's skewed growth
record and ensuing increased income inequality, spanning
through alternate governments, is a reflection of the
unfinished reform agenda. Recommendations suggest improved
public financial management, including public debt
reduction, and the rationalization of public spending,
linking it to the poverty reduction strategy. In addition,
the performance of state-owned enterprises should be
improved, followed by fiscal consolidation and adequate tax
policies. Policies for export growth should be accelerated,
pursuing a competitive real exchange rate, and avoiding
trade policy reversals, but it is also important to note
that preferential trade liberalization, i.e., access to
markets cannot substitute for needed improvements in labor
productivity, lead time, and cost effectiveness. The report
also focuses on the importance of the impacts from
agricultural development, infrastructure development, and
certainly the impacts of improved education and health. |
| format |
Economic & Sector Work :: Development Policy Review (DPR) |
| author |
World Bank |
| author_facet |
World Bank |
| author_sort |
World Bank |
| title |
Sri Lanka : Development Policy Review |
| title_short |
Sri Lanka : Development Policy Review |
| title_full |
Sri Lanka : Development Policy Review |
| title_fullStr |
Sri Lanka : Development Policy Review |
| title_full_unstemmed |
Sri Lanka : Development Policy Review |
| title_sort |
sri lanka : development policy review |
| publisher |
Washington, DC |
| publishDate |
2013 |
| url |
http://documents.worldbank.org/curated/en/2004/12/9875554/sri-lanka-development-policy-review http://hdl.handle.net/10986/14577 |
| _version_ |
1764429375347884032 |
| spelling |
okr-10986-145772021-04-23T14:03:19Z Sri Lanka : Development Policy Review World Bank ACCESS TO BANK ACCESS TO CREDIT ACCOUNTING ADVERSE CONSEQUENCES AGRICULTURAL COMMODITY AGRICULTURE BANKS BARRIER TO ENTRY BENCHMARK BENEFICIARIES BORROWING BUDGET CONSTRAINT CAPITAL ACCOUNT CAPITAL INFLOW CAPITAL INVESTMENTS CENTRAL BANK CENTRALIZATION CHILD MORTALITY RATES CIVIL CONFLICT COLLATERAL COMMODITIES COMMODITY PRICE COMPETITIVENESS CONCESSIONARY RATES CONSUMER CONSUMERS CONTRIBUTION CONTRIBUTIONS COST EFFECTIVENESS CREDIT MARKETS CURRENT ACCOUNT CURRENT PLANS CUSTOMER BASE DEBT DEBT BURDEN DEBTS DEPRECIATION DEVELOPING COUNTRIES DEVELOPMENT BANK DEVELOPMENT POLICIES DEVELOPMENT POLICY DEVELOPMENT STRATEGY DIVERSIFICATION DOMESTIC MARKET DROUGHTS DURABLE EARNINGS ECONOMIC ACTIVITIES ECONOMIC ACTIVITY ECONOMIC BOOM ECONOMIC COST ECONOMIC COSTS ECONOMIC DEVELOPMENT ECONOMIC GROWTH ECONOMIC HISTORY ECONOMIC LIBERALIZATION ECONOMIC MANAGEMENT ECONOMIC OUTCOMES ECONOMIC PERFORMANCE ECONOMIC POLICIES ECONOMIC PRIORITIES ECONOMIC RESEARCH ECONOMIC SECTORS ECONOMIC STRUCTURE ECONOMIC UTILITY EMPLOYMENT OPPORTUNITIES EQUIPMENT EXCHANGE CONTROL EXCISE TAXES EXPENDITURE EXPENDITURES EXPORT GROWTH EXPORT SHARE EXPORTERS EXPORTS EXTENSION SERVICES EXTERNAL SHOCKS FEMALE WORKERS FINANCIAL LOSSES FINANCIAL SECTOR FINANCIAL SERVICES FISCAL DEFICIT FISCAL DEFICITS FISCAL MANAGEMENT FISCAL PROBLEM FISCAL SUSTAINABILITY FOREIGN CAPITAL FOREIGN DIRECT INVESTMENT FOREIGN EXCHANGE FOREIGN INVESTMENT FOREIGN INVESTORS FREE TRADE GDP GDP PER CAPITA GNP GOVERNMENT DEBT GOVERNMENT EXPENDITURE GOVERNMENT OWNERSHIP GOVERNMENT POLICIES GROWTH POTENTIAL GROWTH RATE HOLDING HOLDINGS HOUSEHOLD INCOMES HUMAN CAPITAL HUMAN DEVELOPMENT HUMAN RESOURCE INCOME INCOME GROUPS INCOME GROWTH INCOME INEQUALITY INCOME LEVEL INCOME TAX INCOME TAXES INDEBTEDNESS INDIRECT COSTS INDUSTRIALIZATION INFLATION INFLATION RATE INFORMATION TECHNOLOGY INFRASTRUCTURE DEVELOPMENT INSTITUTIONAL CAPACITY INSURANCE INTANGIBLE INTEREST PAYMENT INTEREST PAYMENTS INTEREST RATES INTERNATIONAL COMMERCE INTERNATIONAL STANDARDS INVESTING INVESTMENT CLIMATE INVESTMENT CLIMATE ASSESSMENT INVESTMENT POLICY INVESTMENT PROGRAM INVESTMENT REGIME LABOR FORCE LABOR MARKET LAND OWNERSHIP LAND POLICIES LEVIES LEVY LIFE EXPECTANCY LITERACY LOCAL EXCHANGE LOW TARIFF LOW-INCOME LOW-INCOME FAMILIES LOWER INCOME MARKET CONDITIONS MARKET ECONOMY MARKET FAILURES MONOPOLIES NATIONAL SAVING NATIONAL SECURITY NOMINAL INTEREST RATE OPEN ECONOMY PEACE PENSIONS PER CAPITA INCOME PERSONAL INCOME POLITICAL UNCERTAINTIES PORTFOLIO PORTFOLIO INVESTMENT POTENTIAL INVESTORS POVERTY REDUCTION PRICE CONTROLS PRICE UNCERTAINTY PRIVATE CREDIT PRIVATE INVESTMENT PRIVATE INVESTORS PRODUCTIVITY PRODUCTIVITY GROWTH PUBLIC DEBT PUBLIC FINANCES PUBLIC GOODS PUBLIC INVESTMENT PUBLIC SERVICE DELIVERY PUBLIC SPENDING RAPID DEVELOPMENT RAPID GROWTH REAL EXCHANGE RATE REAL GDP RECURRENT COSTS REGULATORY CONSTRAINTS REGULATORY FRAMEWORK REMITTANCE REMITTANCES RESPONSIBILITIES RESUME RETURN RETURNS REVENUE PERFORMANCE SAFETY NETS SALARIES SALARY SAVINGS SECONDARY EDUCATION SECONDARY SCHOOLS SELF-SUFFICIENCY SETTLEMENT SETTLEMENT PROGRAMS SMALLER FIRMS SOCIAL PROTECTION STAKEHOLDERS TARIFF BAND TAX TAX INCENTIVES TAX POLICIES TAX POLICY TAX REVENUES TAX SYSTEM TAXATION TECHNICAL ASSISTANCE TELECOMMUNICATIONS TELEPHONE LINE TERRORISM TRADE BALANCE TRADE LIBERALIZATION TRADE POLICIES TRADE POLICY TRADE REGIME TRADING TURNOVER UNEMPLOYED UNEMPLOYMENT UNEMPLOYMENT RATE VALUABLE VALUE ADDED WAGE WAGES WEB PAGE WELFARE PROGRAMS WELFARE REFORMS WELFARE STATE WELFARE SYSTEM WITHDRAWAL WORLD TRADE This report provides an integrated view of Sri Lanka's long term development challenges for sustainable growth and poverty reduction. Sri Lanka's substantial achievements in human development are well known. In several dimensions - such as universal primary enrollment, gender equality, infant and maternal mortality - the country is well positioned to meet the Millennium Development Goals (MDGs). In addition, housing conditions have substantially improved, relative to the early 1980s, in particular with respect to housing materials and access to electricity, safe water and sanitation facilities. However, despite improved overall access to basic services, large disparities remain in the access to, and quality of most of these services. Of particular concern is the fact that poverty reduction has been slow, while income inequality has risen in recent years. The disappointing trend in national poverty incidence also reflects a long-term growth performance significantly below the country's potential. The core theme of this report is thus the following: Sri Lanka must achieve a higher growth rate, but do so in a manner that poor people, and the poor regions of the country can more fully participate in this growth. The report further analyzes early reforms and their impact, as well as that of private sector participation. However, despite the increased role of the private sector, little progress was made in fundamentally redefining the role of the state, partly owing to Sri Lanka's strong attachment to a large public sector. An important message of this report is that much of Sri Lanka's skewed growth record and ensuing increased income inequality, spanning through alternate governments, is a reflection of the unfinished reform agenda. Recommendations suggest improved public financial management, including public debt reduction, and the rationalization of public spending, linking it to the poverty reduction strategy. In addition, the performance of state-owned enterprises should be improved, followed by fiscal consolidation and adequate tax policies. Policies for export growth should be accelerated, pursuing a competitive real exchange rate, and avoiding trade policy reversals, but it is also important to note that preferential trade liberalization, i.e., access to markets cannot substitute for needed improvements in labor productivity, lead time, and cost effectiveness. The report also focuses on the importance of the impacts from agricultural development, infrastructure development, and certainly the impacts of improved education and health. 2013-07-25T15:34:32Z 2013-07-25T15:34:32Z 2004-12-08 http://documents.worldbank.org/curated/en/2004/12/9875554/sri-lanka-development-policy-review http://hdl.handle.net/10986/14577 English en_US CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo/ World Bank Washington, DC Economic & Sector Work :: Development Policy Review (DPR) Economic & Sector Work South Asia Sri Lanka |