COLOMBO, July 24 (Xinhua) -- The Monetary Policy Board of the Central Bank of Sri Lanka (CBSL) announced on Wednesday that it has reduced the Standing Deposit Facility Rate and the Standing Lending Facility Rate by 25 basis points, bringing them to 8.25 percent and 9.25 percent, respectively...
ECONOMYNEXT – Sri Lanka’s central bank is projecting higher economic growth for the next five years with output recovering to 5.0 percent by 2027 compared to 3.1 percent by the International Monetary Fund. Sri Lanka’s economy is projected to contract 2.0 percent in 2023 and expand 3.3 percen...
COLOMBO, April 30 (Xinhua) -- Sri Lanka's real gross domestic product (GDP) growth for 2022 is projected at 1 percent, according to the latest report released by the central bank. The country's economic growth was 3.7 percent in 2021 and per capita GDP was 3,815 U.S. dollars, which...
ECONOMYNEXT – The concluding session of the Sri Lanka Economic Summit organised by The Ceylon Chamber of Commerce will explore a ‘Plan for Economic Transformation’, to position the country on a strong and sustainable growth trajectory, the chamber said. The SLES, on the theme Shaping Sri...
"China's fund aims to support Sri Lanka's economic development, not to make people fall into a debt trap. Funds are what developing countries lack most, and we are giving help in need. Infrastructure projects have played a role in promoting its economic growth," said Bai. ...
If Sri Lanka aspires to become a higher middle-income nation, its economic development model will have to change. Economic growth will require changes towards diversification, productivity increases and reduction to its exposure to the agricultural sector, which currently employs a third of its workin...
Sri Lanka President Ranil Wickremesinghe while presenting his Policy Statement in Parliament today (February 07), says the government was planning to reduce the tax burden as economic reforms continue to stabilize the economy. The President made this statement at the inauguration of the 5th session...
The economic future of Sri Lanka remains uncertain, as the country navigates debt restructuring negotiations with private creditors and implements structural reforms to boost growth potential, according to the World Bank’s latest Global Economic Prospects report. ...
COLOMBO, July 12 (Xinhua) -- Sri Lanka's economic growth forecast for this year has been downgraded to 3 percent from an earlier 4 percent, though the country is on the path to recovery from the Easter Sunday attacks, Central Bank Governor Indrajit Coomaraswamy said on Friday. ...
Insisting that the NES was an important element in strengthening the economic growth of Sri Lanka, the Prime Minister noted that government officials would meet exporters every six months to discuss and monitor the implementation progress. "These are the policies we are following to ensure that the...