Economics

World Bank Projects 4.4% Growth for Sri Lanka in 2024

  • October 11, 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 estimates. This forecast follows four consecutive quarters of growth, largely driven by the industrial and tourism sectors, alongside crucial structural and policy reforms. David Sislen, the World Bank’s Regional Country Director for

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Industry Analysis

Sri Lanka Launches GTEX2 with Swiss SECO to Boost Apparel Industry

  • July 4, 2024

The Export Development Board (EDB) has formed a strategic partnership with Switzerland’s State Secretariat for Economic Affairs (SECO) to implement the second phase of the Global Program on Textile and Clothing (GTEX2), aimed at enhancing Sri Lanka’s apparel sector. This five-year program, running from 2024 to 2027, is funded by the Swiss Government and organized

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