Sri Lanka’s post-crisis reform narrative is beginning to embrace a new frontier with ambitious steps toward building a digitally enabled economy. While fiscal reforms, debt restructuring, and inflation control have dominated headlines, the government’s quiet but strategic push into...
Sri Lanka’s economy is displaying signs of a steady revival, but questions remain about the depth and durability of this rebound. With a recorded GDP growth of 4.8 percent in the first quarter of 2025, optimism is returning to...
The launch of the City of Dreams Colombo marks a striking moment in Sri Lanka’s economic and urban narrative. With a price tag of 1.2 billion US dollars, the integrated resort, developed jointly by John Keells Holdings and Melco...
Tourism has long been one of Sri Lanka’s most resilient industries, bouncing back after civil war, terror attacks, and pandemics. Today, with global travel normalizing and Asia-Pacific demand on the rise, the island once again finds itself poised for...
As Sri Lanka prepares its national budget for 2025, the government faces a formidable challenge, to sustain economic growth while maintaining fiscal discipline in a fragile recovery environment. The primary budget deficit target of 2.3 percent of GDP sets...
Sri Lanka’s partnership with the International Monetary Fund has been a lifeline during a period of extraordinary economic turbulence. The US$2.9 billion Extended Fund Facility, agreed upon in 2023, helped anchor macroeconomic stabilization, restore some degree of investor confidence,...
