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Sri Lanka SEC evaluating proposals for derivative exchange

Summary by EconomyNext

ECONOMYNEXT – Sri Lanka’s Securities and Exchange Commission is evaluating proposals to set up a derivative exchange, Chairman Hareendra Dissabandara said. The exchange is to be set up in Colombo Port City. “The SEC is currently in the process of evaluating proposals to establish a multi-asset class derivatives exchange,” Dissabandara told an investment forum organized by the SEC and Colombo Stock Exchange. “This initiative aims to introduce a c…

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easterneye.biz

Sri Lanka posts five per cent GDP growth as it ends years of economic decline

CASH-STRAPPED Sri Lanka’s economy grew by five per cent in 2024, marking the first full year of expansion since its unprecedented meltdown in 2022, official data showed last Tuesday (18). The last quarter of 2024 saw the economy expand by 5.4 per cent, bringing the full calendar year’s GDP growth to five per cent, compared to a contraction of 2.3 per cent in 2023. The island’s worst economic performance was in 2022, when GDP shrank by 7.3 per ce…

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Lanka News Web (LNW)

IMF acknowledges Sri Lanka’s economic recovery but warns of lingering vulnerabilities - LNW Lanka News Web

March 28, Colombo (LNW): The International Monetary Fund (IMF) has acknowledged Sri Lanka’s progress in economic recovery, noting that key indicators suggest a positive shift. However, the global financial body has also cautioned that the nation’s economy remains fragile, stressing the need for continued reforms to ensure long-term stability and debt sustainability. During the IMF’s weekly briefing, spokesperson Julie Kozack confirmed that the o…

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