Government’s Economic Recovery Reform Restores Resilience and Renewed Stability - LNW Lanka News Web

Guest Post: Global Lessons from Sri Lankan Civil Society for Post-Crisis Governance Reform

Today’s guest post is from Nishan de Mel and Inoshini Perera of Verite Research and Nikhil Wilmink of the Open Society Foundations. In 2022, Sri Lanka experienced the most severe economic crisis of its post-independence history. Foreign reserves were emptied as the currency depreciated by over 80% and essential imports such as fuel and medicine were curtailed. Sri Lanka was forced to default on its external debt of over USD 40 billion. In desper…

Government’s Economic Recovery Reform Restores Resilience and Renewed Stability - LNW Lanka News Web

By: Staff Writer April 24, Colombo (LNW): In the wake of Sri Lanka’s unprecedented economic crisis in 2022, the government launched a bold and far-reaching reform agenda aimed at stabilizing the economy, restoring public trust, and building long-term resilience. Under the leadership of Secretary to the Ministry of Finance, Mahinda Siriwardena—appointed during the peak of the crisis in April 2022—the government prioritized macroeconomic stability…