Economy Recovery

Sri Lanka’s economy has made a remarkable recovery in 2024, surpassing growth expectations by recording 5 percent growth, compared to the projected 4.4 percent, says the World Bank. This growth has been driven by strong performances in…

The Monetary Policy Board of the Central Bank of Sri Lanka (CBSL) has decided to reduce the Standing Deposit Facility Rate (SDFR) and the Standing Lending Facility Rate (SLFR) of the Central Bank by 100 basis points (bps) to 10.00% and…

As another phase of “Aswesuma” benefit payments, the government has paid Rs. 799.5 million to 113,713 beneficiaries for the month of July. State Minister of Finance Shehan Semasinghe said the banks will duly credit the funds to…

An International Monetary Fund (IMF) staff team will visit Colombo in a month’s time for the first review on Sri Lanka’s loan programme, a spokesperson said on Tuesday. The Washington-based lender approved a nearly $3 billion bailout for…

It’s essential to remember that development doesn’t halt in India. In the next 50 years, it will extend to Africa and beyond.  Therefore, the vision we discussed with Prime Minister Modi should guide our immediate actions. Ultimately,…