The IMF highlights concerns that the proposed Temasek-type holding company for SOEs in Sri Lanka could potentially undermine transparency and accountability if not structured and governed effectively. There is a risk that a...

The IMF warns that Sri Lanka faces high domestic financing needs in 2024, projected at 5.8% of GDP due to a large fiscal deficit and limited external financing options.

Sri Lanka's economy grew by 5.3% in Q1 2024, accelerating from 4.5% in Q4 2023, marking a recovery from previous recessions and driven by improved foreign currency access and reduced inflation.

Verité Research on Wednesday revealed that Budget 2023 proposals to the value of Rs. 43.8 billion or 89% of the funds allocated, the Government was not able to provide information on progress.