Sri Lanka, April 30 -- Sri Lanka may still be on the road to recovery, but its steps in correcting long-standing policy failures are now being recognised where it matters most-by key international lenders.

In a bid to spotlight the institution's role in the country's turnaround, Central Bank Governor Dr. Nandalal Weerasinghe described the transformation underway as nothing short of remarkable.

"To say that Sri Lanka has undergone a transformative period in recent years would be an 'understatement'," he said, in his message issued alongside the Financial Statements and Operations of the Central Bank of Sri Lanka 2024 released yesterday.

Forced by crisis into a period of deep self-examination, Sri Lanka's efforts, although painful, are n...