Sri Lanka is poised to achieve close to 4% economic growth by the end of 2024, continuing its positive momentum, according to Central Bank Governor Dr. Nandalal Weerasinghe. Speaking at an event organized by CMA Sri Lanka last week, Weerasinghe highlighted that all leading indicators suggest sustained positive growth in the second quarter and throughout
More than 135,000 beneficiaries of Sri Lanka’s Aswesuma poverty alleviation program cannot receive their monthly payments due to not having bank accounts, a top government official has stated. Although the government has approved 1.8 million households as Aswesuma beneficiaries from last year’s applicants, around 200,000 beneficiaries have not received any benefits, according to the official.
Sri Lanka’s central government net debt decreased to 36.3 billion USD in 2023, down from 37.5 billion USD in 2022, despite borrowing 1.57 billion USD to finance the budget deficit, according to official data. The reduction in net debt occurred as the central bank did not print money to enforce policy rates, eliminating forex shortages