Sri Lanka money printing, deficits could lead to economic implosion: IMF report

Further money printing to finance deficits could lead to monetary instability while trade and private credit could eventually shrink, an International Monetary Fund assessment has warned, as the country reels from tax cuts and liquidity injections made to keep interest rates down.

EconomyNext

2022-03-04

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Apparel sector revenue totals US$ 1.17 bn in 1Q24

Sri Lanka’s apparel industry saw its revenue cross the US$ 1 billion mark in the first quarter (1Q24) with exports expanding by 7.7 percent in March. Sri Lanka’s apparel s...

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CBSL forecasts economy to grow by 3% in 2024

The Central Bank expects the economy to grow by 3% this year as the benefits of the eased monetary policy stance and low inflation environment continue to be gradually channelled into the economy.

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Sri Lanka’s EPF net contributions turn negative in...

Net contributions to Sri Lanka's Employees Provident Fund (EPF) turned negative in 2023, with refunds exceeding contributions for the first time. Demographic shifts, increased governme...

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