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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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Nearly half of Sri Lankan public dissatisfied with 2024 budget priorities – Study
Nearly half of Sri Lankans, especially TIN holders, are dissatisfied with the 2024 budget, prioritizing health, defence, and education.
2024-10-03
Daily Mirror
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IMF to discuss Sri Lanka review timing with new government
The IMF is eager to work with Sri Lanka's new President Dissanayake and will soon discuss the timing of the third program review, acknowledging the country’s progress in meeting key economic targets.
2024-09-24
Economy Next
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AS AT THE END OF AUGUST: Tax gains up by 30%
Sri Lanka's tax collection for January to August 2024 increased by 28.5%, reaching Rs. 1,229,245 million compared to Rs. 956,418 million in the same period of 2023, driven by new tax policies, economic improvement, and...
2024-09-17
The Morning
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Sri Lanka government, private firms serviced US$2.58bn debt in 2023: FinMin
Sri Lanka continued to repay significant portions of its debt in 2023 and 2022, despite defaulting on external debt, by using domestic savings and reducing imports.
2024-09-16
Economy Next
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Sri Lanka state worker wage cost to rise 0.2-pct to 3.8-pct of GDP in 2025
Sri Lanka's public sector wage bill is set to increase to 3.8 percent of GDP in 2025 due to proposed salary increments while maintaining a primary surplus of 2.3 percent under the IMF program.
2024-09-12
Economy Next
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