01920cas a2200241 a 4500 AALejournalIMF018576 230101c9999 xx r poo 0 0eng d 5.00 USD 9781484362358 1934-7685 BD-DhAAL BD-DhAAL International Monetary Fund. Asia and Pacific Dept. Sri Lanka : Selected Issues. Washington, D.C. : International Monetary Fund, 2018. 1 online resource (79 pages) IMF Staff Country Reports <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students This Selected Issues paper discusses measures needed for structural transformation in Sri Lanka. The government has ambitious plans to achieve upper middle-income country status in 2025 by transforming Sri Lanka in an Indian Ocean Hub for trade, investment, and services. Stable and transparent regulatory systems would make Sri Lanka's business environment more attractive for long-term investment and support trade integration. Reviewing trade barriers and developing a phased and sequenced strategy for gradual removal of restrictions is a first necessary step toward enabling more competitive trade. In this regard, the authorities' decision to gradually rationalize para-tariffs and set up automated approval systems is a welcome step. Ongoing open consultative processes on reform strategies can also help building public consensus in support of these important objectives. Mode of access: Internet IMF Staff Country Reports; Country Report ; No. 2018/176 Full text available on IMF http://elibrary.imf.org/view/journals/002/2018/176/002.2018.issue-176-en.xml IMF e-Library