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Sri Lanka - Country partnership framework for the period FY17-FY20 (English)

The new Country Partnership Framework (CPF or framework) presents the engagement of the World Bank Group (WBG) in Sri Lanka over the next four years (fiscal years 2017-20 (FY17–20)). The CPF aims to support the achievement of some of the government’s medium-term goals in areas that are critical for reducing extreme poverty and promoting shared prosperity, and that are consistent with the WBG’s comparative advantage. Notably, the CPF provides the framework for engagement in several key policy areas. Following presidential and parliamentary elections in 2015, the new coalition government, the National Government of Consensus, has set out an ambitious vision for Sri Lanka. It focuses on supporting job creation in the private sector, advancing the country’s global integration, improving governance, enhancing human development and social inclusion, and balancing development with environmental conservation. The vision has been captured in the Prime Minister’s Economic Policy Statement of November 5, 2015. The new government’s development agenda is well aligned with the findings of the 2015 Systematic Country Diagnostic (SCD) for Sri Lanka. The SCD identified the most critical constraints and opportunities facing Sri Lanka in accelerating progress toward the twin goals of ending extreme poverty and promoting shared prosperity in a sustainable manner. The analysis concluded that key priorities are to address the country’s fiscal, competitiveness, and inclusion challenges, as well as cross-cutting governance and social, economic, and environmental sustainability challenges. The CPF is anchored in this analysis.


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  • Document Type

    Country Assistance Strategy Document

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  • Country

    Sri Lanka,

  • Region

    South Asia,

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  • Doc Name

    Sri Lanka - Country partnership framework for the period FY17-FY20

  • Keywords

    fiscal consolidation;real effective exchange rate;Tax Policy and Administration;policy and structural reform;Technical and Vocational Education;access to capital market;small and medium size enterprise;efficiency of tax collection;female labor force participation;improvement in tax policy;life expectancy at birth;poverty head count;increase in capital expenditure;Fiscal and Debt Sustainability;balance of payment;increase in labor;foreign direct investment;purchasing power parity;high poverty rate;national poverty line;social inclusion;foreign debt rating;free trade agreement;Public Finance Management;foreign exchange outflows;current account deficit;interest rate risk;decline in poverty;social protection system;source of revenue;real interest rate;increase in inequality;domestic interest rate;human development indicator;public debt;domestic financial sector;increase in inflation;sovereign credit rating;analytical and advisory;sri lanka rupee;Development Policy Lending;operations and maintenance;nonbank financial institution;crimes against humanity;information and communication;Internally Displaced People;domestic private sector;global interest rates;increase in expenditure;public service provision;infant mortality rate;consumer price index;service delivery system;headcount poverty rate;domestic aggregate demand;price for food;safety net program;increase tax collection;per capita income;gross national income;public procurement reform;Investment Project Financing;Internally Displaced Person;external debt obligation;tax policy reform;millennium development goal;Management of Groundwater;surface water resource;concentration of people;Solid Waste Management;access to finance;integrated environmental management;quality and relevance;quality of education;competition for water;climate change mitigation;Coastal Zone Management;disaster risk management;energy efficiency improvement;mode of transportation;Water Resource Management;foreign exchange sale;improved sanitation facilities;increase in consumption;targeted social assistance;per capita consumption;world market share;management for city;rates of protection;population with access;creating employment opportunity;public service delivery;total fertility rate;gender wage gap;urban development agenda;closing gender gap;Population Age structure;exchange rate depreciation;reduction in poverty;complete secondary school;effectiveness of expenditures;Foreign Exchange Reserve;outstanding public debt;global value chain;import of goods;global production network;fiscal deficit;commodity price;Labor Market;currency depreciation;capital outflow;estate sector;official reserve;tradable sector;tax base;extreme poverty;Natural Resources;Exchange Rates;political stability;external borrowing;enhancing competitiveness;political context;bond issue;fiscal account;stakeholder consultation;foreign borrowing;environmental sustainability;poverty profile;interest cost;fertilizer subsidies;democratic socialist;tax system;human capital;global economy;military conflict;rural area;fiscal risk;future need;export market;political risk;working-age population;treasury bond;contingent liabilities;contingent liability;Demographic Transition;natural disaster;national saving;social indicator;global integration;Job Creation;parliamentary election;geographic disparities;tax revenue;global financial;energy mix;statutory rates;consumer goods;fiscal space;global commodity;agriculture sector;financing need;aging population;Urban Planning;consumption distribution;living standard;Fiscal Sustainability;urban agglomeration;swap arrangement;nonmonetary measures;price information;rural livelihood;productive asset;national investment;fiscal policy;agglomeration effect;improving competitiveness;occupational segregation;part-time work;legal framework;night work;constitutional assembly;constitutional amendment;important policy;corruption allegation;stolen assets;state apparatus;agricultural production;political environment



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Sri Lanka - Country partnership framework for the period FY17-FY20 (English). Washington, D.C. : World Bank Group.