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Sri Lanka annual GDP growth projected to be around 4.5% – 5 % in 2024
Sri Lanka's 2024 economic outlook shows 4.5%-5% GDP growth, rising inflation, stabilized interest rates boosting private sector credit, and strengthened external resilience through tourism earnings, remittances, and...
2024-11-28
Daily News
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Monetary Policy Board further reduces policy interest rates by 1-pct
The Monetary Policy Board of the Central Bank of Sri Lanka, in its meeting on November 23, 2023, decided to decrease the Standing Deposit Facility Rate (SDFR) and the Standing Lending Facility Rate (SLFR) by 100 basis points each to 9.00% an...
2023-11-24
LBO
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Sri Lanka faces uphill battle in meeting 2024 budget targets: Fitch
  Fitch Ratings expressed concerns about Sri Lanka's ambitious fiscal targets for 2024, highlighting significant risks in achieving its revenue goals and managing a wider budget deficit. Despite plans to increase revenue b...
2023-11-20
Daily Mirror
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Budget 2024: Pragmatic Implementation & Timely Execution Will be Key, says CCC
The Ceylon Chamber of Commerce views the 2024 Budget as a critical continuation of macroeconomic stabilization efforts initiated in late 2022 to address Sri Lanka's economic challenges. Acknowledging past macroeconomic mismanagement, the...
2023-11-14
LBO
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Sri Lanka’s 2024 budget to see new welfare, revenue goals amid political concerns
Sri Lanka's 2024 budget, set for presentation, emphasizes crucial IMF deficit targets for economic recovery. President Wickremesinghe faces a balancing act, tethered between IMF obligations and public sentiment. Meeting the 13.3% GDP rev...
2023-11-13
Economy Next
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