Sri Lanka, April 29 -- The Central Bank of Sri Lanka sounded optimistic about Sri Lanka witnessing stability on multiple fronts, provided that the ongoing ambitious reforms and economic adjustments underpinned by the Extended Fund Facility (EFF) programme of the International Monetary Fund (IMF) continue without any interruptions.

The financial sector regulator in its Annual Economic Review 2023 released last week said that the Sri Lankan economy is expected to continue to recover and reach its potential in the coming years, bolstered by the return of greater macroeconomic stability.

Following the swift disinflation process, inflation is expected to remain around the target of 5 percent on average during 2024. This is despite intermitte...