Sri Lanka, April 3 -- The World Bank said that Sri Lanka's economy is making tremendous progress and the country from a negative growth rate a few months ago will stamp a positive 2.2% growth in the entire year of 2024.

"This will then stabilise to 3% from 2025 onwards and we see implementation of reforms as the key to this positive momentum which should continue in the future as well," said Senior World Bank Economist Richard Miller in Colombo yesterday.

He also said that increase in remittances, tourist arrivals and increase of donor funds too played a key role towards this recovery.

He recalled that the country has made great progress when it comes to increasing reserves from around US$ 300 million which was sufficient for one week ...