Sri Lanka economy

Sri Lanka inflation to reach 5% during Q3-Q4: Central Bank official

by
Sri Lanka Inflation To Reach 5 During Q3 Q4 Central Bank.jpg

Sri Lanka’s inflation is expected to return to the government’s 5% target starting from the last two quarters of the year, a Central Bank of Sri Lanka (CBSL) official said on Wednesday, as the economy stabilises from a crippling financial crisis. The economy has shown signs of recovery in recent months, aided by a $2.9 … Read more

Sri Lanka debt restructuring makes slow progress even with 1.6% growth rate in Q3 of 2023

by
Sri Lanka Debt Restructuring Makes Slow Progress Even With 16.jpg

Sri Lankan President Ranil Wickremesinghe greets Parliamentary officials upon his arrival to declare open the new Parliamentary session in Colombo, Sri Lanka, on February 7. | Photo Credit: AP The restructuring of Sri Lanka’s external debt is to take much longer than expected, going by President Ranil Wickremesinghe’s policy speech on February 6 even though … Read more