Sri Lanka's recent economic data paints a robust picture of the country's economic recovery after a crippling foreign exchange crisis. The economy grew 5.3 per cent in January-March quarter, a drastic improvement on the 10.

Sri Lankan economy rebounds as inflation slows

Cash-trapped Sri Lanka has cut lending rates for the first time in nearly three years, the island nation which faced economic downturn last year, has cut its lending rates after massive fall in inflation in May. The central bank of Sri Lanka has reduced its lending rates by 2.5% points.

Sri Lanka economy in recovery mode: Sri Lanka cuts interest rates, inflation eases

The Department of Census and Statistics yesterday said that inflation in Colombo has dropped to 35.3 percent in April. Sri Lanka’s headline inflation, as measured by the Year-on-Year (Y-O-Y) change in the Colombo Consumer Price Index (CCPI), significantly eased to 35.3% in April 2023, in comparison to March 2023, the department said.

Sri Lanka inflation rate drops to lowest in a year as Colombo approves IMF package

Sri Lanka's Prime Minister Ranil Wickremesinghe declared on Monday that the country had run out of petrol amid the economic crisis sweeping the island nation. The country has been hit by fuel and food shortages including high inflation as it struggles with a political crisis.

Sri Lanka runs out of petrol: How the island nation lost the political & economic battle

As Sri Lanka battles its worst economic crisis, the government said it will allow foreigners who deposit $100,000 to live and work in the country for ten years. The new work policy comes under the "Golden Paradise Visa Programme".

Sri Lanka unveils new 'golden' visa policy to combat economic crisis

Sri Lanka's ruling SLPP party holds a massive rally ahead of local polls amid public ire over inflation and organic fertiliser policy. The government has announced nearly $1.3 billion relief package even as the country struggles with economic woes. W. A. Wijewardena, Former Deputy Governor of Sri Lanka Central Bank decodes country's situation.

Focusing only on debt repayment is insufficient, says Wijewardena, Former Deputy Governor of SLCB

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