IMF says discussions to continue with Sri Lanka on fourth review

IMF says discussions to continue with Sri Lanka on fourth review

COLOMBO: The International Monetary Fund said on Friday (Apr 11) that discussions with Sri Lanka will continue towards reaching an agreement in the near term on the fourth review of its US$2.9 billion program after a staff team visited the island nation. Sri Lanka, which plunged into a financial crisi

As part of her first 100 days in office, Governor Jenniffer González Colón highlighted manufacturing as "the big bet" that will receive a boost from the tariff war unleashed by President Donald Trump in an effort to protect the U.S. economy.

Sri Lanka to grow 3.9-pct in 2025 amid uncertainties: ADB

ECONOMYNEXT – Sri Lanka would grow 3.9 percent in 2025, after a better than expected 5.0 percent in 2024, Asian Development Bank said in its economic outlook report, though the island was vulnerable to the effect of a Trump tariff. Sri Lanka was hit with a 44 percent tariff. “Implementation of tariffs may differ from what was announced so far. Tariffs could be postponed,” ADB Senior Country Economist, Lilia Aleksanyan (Senior Country Economist, …

Asian Development Bank Predicts 3.9 Percent Economic Growth for Laos in 2025

The Asian Development Bank (ADB), in collaboration with the Ministry of Planning and Investment of Laos, officially launched the Asian Development Outlook April 2025 at the ADB’s Lao Resident Mission (LRM) office in Vientiane. According to the report, logistics and tourism services will continue to be the main drivers of growth in Laos.  The country’s […]

ADB says SL’s growth recovery in 2024 ‘exceeded expectations’ but remains fragile

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ADB projects Sri Lanka’s economic growth at 3.9 % in 2025 - LankaXpress

Sri Lanka’s economy is projected to grow by 3.9% in the current fiscal year, according to the Asian Development Bank.  The ADB said Sri Lanka’s growth exceeded expectations, rebounding by 5.0% in 2024, the highest rate since 2017, after 2.3% contraction in 2023.  Sri Lanka’s recovery will continue at a moderate growth of 3.9% in 2025 and 3.4% in 2026 following the strong rebound in 2024, the ADB’s flagship economic publication, the Asian Develop…