Sri Lanka: State of the Economy 2001

•  Policy Perspectives
•  Economic Performance
◊  Introduction
◊  Output growth Q1-2000 : Q2-2001
◊  Fiscal outturn
◊  Interest rates and the exchange rate
◊  Inflation
◊  Balance of payments
◊  Capital markets
•  International Environment
◊  Global trends in the pre-shock economy
♦    OECD economies
♦    Emerging economies and Russia
◊  The after-shock economy
◊  Implications for Sri Lanka of international developments
♦    Global outturn
♦    Preferential liberalization initiatives
♦    Sri Lanka’s future in the sea
•  Competition policy and regulation
◊  Introduction
◊  Competition policy in the Sri Lankan context: a developing country perspective
◊  The competition regime in Sri Lanka: a comparison of the old and the new
◊  Competition policy in practice – the FTC at work 1995-2000
◊  Limitations of the new legislation
♦    Limitations of the substantive law of the FTCA/CPA
♦    Institutional limitations
♦    Limitations specific of the CPA
◊  Conclusions
◊  Case Study 1: Privatization of Colombo gas company and competition in the LPG sector
◊  Case Study II: TRIPS, competition and the pharmaceutical industry
•  Free float of the exchange rate
◊  Introduction
◊  Floating the rupee: the proximate causes
◊  How ‘free’ is the float?
◊  Policy implications of a floating regime
◊  Floating with an anchor: inflation targeting
•  Between bilateralism and regionalism: Focus on the Sri Lanka – Pakistan bilateral free trade agreement
◊  Introduction
◊  Profile of Sri Lanka-Pakistan trade
♦    Exports
♦    Imports
◊  Impact of a bilateral FTA
◊  Lessons from the Sri Lanka-India FTA – a year after
♦    The outturn
♦    The lessons
◊  Conclusion
•  Governance
◊  Introduction
◊  Overlap of institutions
◊  Effective public policy management
◊  The community-governance nexus
◊  Human resources
◊  Conclusion
•  Crisis in the power sector
◊  Introduction
◊  Profile of electricity demand
◊  The twin crises – the capacity crisis and the financial crisis
♦    Development of electric generation capacity
♦    Financial performance of CEB
◊  Addressing the capacity crisis
◊  Outlook for tariffs and rural electrification
♦    Electricity tariffs on the rise?
♦    Rural electrification jeopardized?
◊  Conclusion
•  Aid and aid under-utilization
◊  Introduction
◊  Profile of aid in Sri Lanka
♦    Commitments of loan and grants
♦    Disbursements of loans and grants
◊  Aid utilization problem
◊  Factors limiting the utilization of aid
◊  Conclusion
•  Prospects
•  Diary of Events July 2000 – June 2000
•  Appendix A: Macroeconomic Indicators
•  Appendix B: Capital Market