Archive · Business Recorder
Sri Lanka targets growth beyond crisis recovery in budget, on course for IMF exit
COLOMBO: President Anura Kumara Dissanayake unveiled a budget on Thursday aimed at shifting Sri Lanka’s economy from recovery to growth, saying the country had liquidity to meet debt repayments and expected to successfully complete its IMF programme in March. Sri Lanka has experienced a turnaround since an unprecedented financial crisis, triggered by a severe dollar shortage four years ago. Growth is forecast at 4.4% this year, according to the World Bank, while foreign exchange reserves have been rebuilt to $6.9 billion. Investor confidence has also improved, with Fitch Ratings upgrading Sri ...
ZAZTEK archives the headline, summary and publication date so the story stays findable. The full article remains the publisher's. Read it at Business Recorder →