Colombo, October 2025 —Sri Lanka has reached a staff-level agreement with the International Monetary Fund (IMF) for the release of a US$347 million tranche, marking a crucial milestone in the island’s macroeconomic stabilization journey under the Extended Fund Facility (EFF). This marks the fifth review since the program began in 2023, bringing total disbursements to […]
Colombo, October 2025 —The World Bank’s latest Sri Lanka Development Update projects economic growth of 4.6% for 2025, but warns that the recovery remains uneven and vulnerable to external shocks. The report, titled “Resilience in Transition,” highlights that while inflation has moderated and reserves have improved, household income levels have not returned to pre-crisis conditions. […]
Colombo, October 2025 —Sri Lanka’s tourism industry continues to surge, surpassing 1.75 million arrivals year-to-date, signaling a strong revival after years of disruption. October began with more than 34,000 arrivals in the first week alone, driven largely by markets such as India, China, Russia, and the Middle East. Tourism earnings have exceeded US$2.3 billion in […]
