Sri Lanka economy resilient but risks remain tilted to downside, IMF says
- The International Monetary Fund said on Wednesday (Sep 23) that Sri Lanka's economy continues to show resilience amid successive shocks but is still facing risks tilted to the downside, as its staff concluded a visit to the South Asian island nation.
- The island nation, backed by a US$2.9 billion programme, is clawing its way out of a 2022 economic upheaval triggered by severe shortage of dollars.
- The IMF review comes as Sri Lanka looks to maintain growth and contain high inflation caused by soaring energy prices that have prevailed since the Gulf conflict began seven months ago.
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- The International Monetary Fund said on Wednesday (Sep 23) that Sri Lanka's economy continues to show resilience amid successive shocks but is still facing risks tilted to the downside, as its staff concluded a visit to the South Asian island nation.
- The island nation, backed by a US$2.9 billion programme, is clawing its way out of a 2022 economic upheaval triggered by severe shortage of dollars.
- The IMF review comes as Sri Lanka looks to maintain growth and contain high inflation caused by soaring energy prices that have prevailed since the Gulf conflict began seven months ago.
Sources: CNA