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29 mar 2023 · Reuters. The International Monetary Fund is lending Sri Lanka $3bn (£2.4bn) to help it deal with its worst economic crisis in its history as an independent nation. Soaring prices, shortages of...
Sri Lanka’s economy is projected to see moderate growth of 2.2% in 2024, showing signs of stabilization, following the severe economic downturn of 2022. But, the country still faces elevated poverty levels, income inequality, and labor market concerns, says the World Bank's latest bi-annual update.
Tematy dnia
The mixed economy of Sri Lanka was worth $84 billion by nominal gross domestic product (GDP) in 2019 [32] and $296.959 billion by purchasing power parity (PPP). [33] The country had experienced an annual growth of 6.4 percent from 2003 to 2012, well above its regional peers.
3 paź 2023 · The latest Sri Lanka Development Update (SLDU) projects the country’s economy to contract by 4.3 percent in 2023, as demand continues to be subdued, job and income losses intensify, and supply-side constraints adversely affect production.
22 lut 2024 · Sri Lanka turned to the IMF to contain the 2022 crisis and build a foundation for sustainable and inclusive growth. Together, the country and the IMF agreed on a comprehensive economic reform program to address the causes of the crisis and look after those hurt most by the crisis.
9 paź 2024 · Sri Lanka’s economy has stabilized, with growth expected to reach 4.4 percent in 2024, surpassing earlier forecasts. This positive outlook follows four consecutive quarters of growth driven by the industrial and tourism sectors and supported by critical structural and policy reforms, says the World Bank.
29 maj 2024 · The crisis uncovered Sri Lanka’s deep-rooted governance issues and corruption vulnerabilities. The authorities are committed to addressing these challenges and have taken initial steps on governance reforms under the EFF program, following recommendations from the IMF Governance Diagnostic Report.
