Sri Lanka's inflation measured by the Colombo Consumer Price Index (CCPI) reached 6.5% in the 12 months leading up to January 2023. This rate is above the statutory target of 5% but within the permissible 2% variation. The increase was influenced by a 2.9% rise in the index during the month,...

Sri Lanka has become the first Asian country to publish its Growth Diagnostic Framework (GDF), a major development in addressing its economic challenges and promoting sustainable growth. Developed with the IMF, the GDF provides a detailed tool for analyzing economic constraints, helping the gover...

Sri Lanka's tax revenue increased significantly by 56% to 2,512 billion rupees in the 11 months leading up to November. Total revenues also rose to 2,758 billion rupees. Despite this, the country faced a substantial surge in its deficit, primarily due to increased interest costs. The monthly...

The International Monetary Fund (IMF) anticipates that Sri Lanka will secure an agreement with its commercial creditors, including bondholders and the China Development Bank, ahead of the next review, as stated by S...