The Sri Lankan economy has shown early signs of stabilization with improved fiscal and external balances, supported by a recovery in remittances and tourism and the continued debt service suspension. However, this will be insufficient to reverse crisis-induced welfare losses as poverty levels remain elevated. The narrow path to restoring growth and prosperity will hinge on a successful debt restructuring, adequate support to the most poor and vulnerable, and continued reform implementation despite upcoming elections.
Authors
Lakhtakia,Shruti, Atapattu Mudiyanselage,Udahiruni Shashadari Atapat, Walker,Richard Ancrum
- Disclosure Date
- 2024/04/01
- Disclosure Status
- Disclosed
- Doc Name
- Sri Lanka Development Update - Bridge to Recovery
- Published in
- United States of America
- Unit Owning
- EFI-SAR-MTI-PS-1 (ESAC1)
- Version Type
- Final
- Volume No
- 1
