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Is the Pandemic the Sole Cause for the Depletion in Sri Lanka’s Foreign Reserves?
Sri Lanka’s usable foreign reserves fell from USD 7,642 MN in 2019 to USD 1,579 MN by the end of 2021. When compared with Sri Lanka’s regional peers during the pandemic, the decline in its reserves appears to only have happened to Sri Lanka, while its other Asian countries have seen an increase in their reserve balances.
Featured Insight
Is the Pandemic the Sole Cause for the Depletion in Sri Lanka’s Foreign Reserves?
Sri Lanka’s usable foreign reserves fell from USD 7,642 MN in 2019 to USD 1,579 MN by the end of 2021. When compared with Sri Lanka’s regional peers during the pandemic, the decline in its reserves appears to only have happened to Sri Lanka, while its other Asian countries have seen an increase in their reserve balances.
Featured Insight
Is the Pandemic the Sole Cause for the Depletion in Sri Lanka’s Foreign Reserves?
Sri Lanka’s usable foreign reserves fell from USD 7,642 MN in 2019 to USD 1,579 MN by the end of 2021. When compared with Sri Lanka’s regional peers during the pandemic, the decline in its reserves appears to only have happened to Sri Lanka, while its other Asian countries have seen an increase in their reserve balances.
Featured Insight
Is the Pandemic the Sole Cause for the Depletion in Sri Lanka’s Foreign Reserves?
Sri Lanka’s usable foreign reserves fell from USD 7,642 MN in 2019 to USD 1,579 MN by the end of 2021. When compared with Sri Lanka’s regional peers during the pandemic, the decline in its reserves appears to only have happened to Sri Lanka, while its other Asian countries have seen an increase in their reserve balances.
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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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EU, AFD, and World Bank support strengthening public finance management in Sri Lanka
The Government of Sri Lanka and the World Bank, European Union (EU) and Agence Française de Development (AFD) have recently signed financing agreements to help strengthen Sri Lanka’s management of public finances....
2023-07-21
DailyFT
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‘It can be done’ attitude needs promotion - EDITORIAL
Sri Lankans in general need an attitude change in every possible sphere. The attitude of youth at present is that they should leave this island as soon they complete their school education.
2023-07-14
Daily Mirror
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Cabinet approves transaction advisors for sale of 7 SOEs
In a significant development towards State Owned Enterprise (SOE) reforms, the Cabinet of Ministers at its meeting on Monday approved the recommended transaction advisors for seven identified entities.
2023-07-12
DailyFT
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Sri Lanka’s Sathosa restructuring will see CWE and Sathosa retail chain merged
The restructuring of Sri Lanka's Cooperative Wholesale Establishment (CWE), also known as Sathosa, will involve merging CWE with the state-run Lanka Sathosa retail chain. The proposed restructuring aims to improve the financial standing...
2023-07-12
EconomyNext
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