Sri Lanka, after more than two decades of policy reform, is one of the most open and market oriented economies in the developing world. Its experience in implementing market reforms, however, has not been without controversy. Issues relating to inequities in the distribution of benefits of market reforms have seen the country grappling with continuing problems of poverty and unemployment. IPS places particular emphasis on providing rigorous macroeconomic policy analysis as the impact of macroeconomic policy—on economic growth, inflation, fiscal and monetary policy—permeates all sectors of the economy, and forms the foundation on which a coherent and consistent development strategy for a country can be implemented.