Fitch: Economic Recovery to Boost Growth in Sri Lanka’s Finance and Leasing Companies
Fitch Ratings announced that Sri Lanka’s ongoing economic recovery, combined with moderating inflation and lower interest rates, is set to drive the growth.
Finance
Finance
Sri Lanka’s Financial System Set for Recovery Amid Asset Quality Gains and Stronger Capital Buffers
Sri Lanka’s financial system is on the path to recovery, with expectations of improved asset quality and strengthened capital buffers, according to the.
- October 14, 2024
Economics
World Bank Projects 4.4% Growth for Sri Lanka in 2024
Sri Lanka’s economy is on the path to recovery, with the World Bank projecting a growth rate of 4.4% for 2024, surpassing previous.
- October 11, 2024
Politics
Political Risks to Sri Lanka’s Debt Restructuring Ease, Says Fitch Ratings
Fitch Ratings has noted that political risks to Sri Lanka’s debt restructuring process have reduced following the authorities’ endorsement of the IMF programme.
- October 10, 2024
International Economic Developments
Revival of Japanese Development Projects in Sri Lanka
As Sri Lanka approaches the completion of its debt restructuring process, optimism is rising for the resumption of long-stalled development initiatives. Eleven Japanese-funded.
- October 7, 2024
Finance
Credit Card Debt Sees Modest Increase in August Amid Rising Private Credit
Consumer spending via credit cards has shown signs of growth, with the total outstanding credit card debt in licensed commercial banks rising by.
- October 7, 2024
Tourism
Sri Lanka’s Tourism Earnings Surge to US$ 2.35 Billion Amid Recovery Efforts
Sri Lanka’s tourism sector continues to show positive momentum as of September 2024, with both visitor arrivals and earnings on the rise, despite.
- October 7, 2024
Economics
President Discusses Tax Relief Plans with IMF Delegation in Sri Lanka
President Anura Kumara Dissanayake met with an IMF delegation yesterday, including Asia Pacific Department Director Krishna Srinivasan and Senior Mission Chief Dr. Peter.
- October 4, 2024
International Economic Developments
Korean Exim Bank Resumes Funding for Sri Lanka’s Development Projects
The Export and Import (Exim) Bank of Korea has agreed to resume financial support for Sri Lanka’s development projects, according to the President’s.
- October 4, 2024
Investing
Netherlands Invests €300,000 in Gampaha Batik SMEs with Electric Three-Wheelers
The Netherlands’ Foreign Affairs Ministry has invested €300,000 in a cluster project aimed at enhancing the sustainability and growth of local batik SMEs.
- October 3, 2024