Sri Lanka, April 2 -- In Sri Lanka, growth is expected to turn positive, to 2.2 percent in 2024, a 0.5 percentage point upgrade from the previous forecast, with modest recoveries in reserves, remittances, and tourism.
According to the World Bank's the Sri Lanka Development Update, Bridge to Recovery, released today, inflation is expected to remain within the central bank's target range and the exchange rate is expected to stabilize.
Growth is anticipated to strengthen to 2.5 percent in 2025. +e forecast assumes that debt restructuring negotiations are concluded successfully, vulnerabilities in the financial sector ease, and structural reforms continue to be implemented.
However, poverty rates continued to rise for the fourth year in a ro...