Fiscal Consolidation and Debt Management – Is Sri Lanka on the right track?
A cornerstone of Sri Lanka’s recovery strategy has been stringent fiscal consolidation. The government aims to reduce the budget deficit to 5.2% of GDP by 2025, down from a target of 7.6% in the previous year(Debt Management) . This involves enhancing public revenue and achieving a primary surplus of 2.3% of GDP, aligning with IMF […]
Sri Lanka’s Tourism Sector: A Remarkable Comeback and Bright Future Prospects
Sri Lanka’s tourism industry is experiencing a powerful resurgence, emerging as a cornerstone of the nation’s economic recovery. After facing significant challenges due to economic instability and the global pandemic, the country has implemented strategic measures to revitalize the sector. Today, Sri Lanka is witnessing a surge in tourist arrivals, increased revenue, and renewed investor […]
Sri Lanka’s Economic Recovery in 2025: Challenges, Opportunities, and the Path Forward
Sri Lanka’s economy has been through a tumultuous journey in recent years, marked by a severe balance of payments crisis, soaring inflation, and challenging debt restructuring negotiations. As the nation steps into 2025, the focus has shifted from immediate crisis management to laying the foundation for sustainable economic recovery. While there are encouraging signs of […]
The Ease of Doing Business in Sri Lanka: A Comprehensive Overview
Sri Lanka, known for its strategic location in the Indian Ocean and its rapidly developing economy, has been making strides in improving its business environment(Business in Sri Lanka). With government-backed reforms, digital transformation, and an evolving regulatory framework, the island nation is positioning itself as an attractive destination for entrepreneurs and investors alike. Understanding the […]
Navigating the Complexities of Vehicle Imports in Sri Lanka
Introduction: Vehicle imports in Sri Lanka play a significant role in the country’s automotive industry, offering a wide range of options for consumers, businesses, and government institutions. However, the import process can be complex, with multiple regulations, taxes, and procedures to consider. Understanding these intricacies is essential for anyone looking to import a vehicle into […]
Adani Group Withdraws from Sri Lanka’s Wind Power Projects: Implications for the Country’s Energy Future
The Adani Group, one of India’s largest multinational conglomerates, has officially withdrawn from its proposed $440 million wind power projects in Sri Lanka. This unexpected decision has sparked widespread discussions about the future of foreign direct investment (FDI), renewable energy policies, and economic stability in Sri Lanka. The move comes after the newly elected Sri […]
The E-commerce Boom in Sri Lanka: A New Era of Online Business
Introduction E-commerce is booming worldwide, and Sri Lanka is no exception. The rapid growth of digital transactions, mobile penetration, and shifting consumer behavior has propelled online shopping to new heights. With global e-commerce sales expected to reach $8.1 trillion by 2026, businesses in Sri Lanka are racing to adapt to this digital transformation. From small […]
Easing of Vehicle Import Restrictions in Sri Lanka
Introduction Sri Lanka has recently seen a pivotal shift in its automotive policy with the easing of vehicle import restrictions, a move anticipated by both consumers and industry stakeholders alike. This significant policy adjustment comes after a prolonged period of stringent controls, aimed at stabilizing the national economy and conserving foreign reserves. This blog post […]
IMF Applauds Sri Lanka’s Economic Progress Yet Cautions on the Path Ahead
In recent developments, the International Monetary Fund (IMF) has praised Sri Lanka for its diligent progress under the current economic reform program(Economic Progress). This recognition came during a review which noted significant strides particularly in governance and fiscal responsibility. The IMF highlighted the effective measures Sri Lanka has implemented, which have begun to stabilize the […]
Sri Lanka’s IMF Tranche Approval: Progress, Challenges, and the Road Ahead
Introduction: A Critical Milestone for Sri Lanka’s Economy On February 28, 2025, Sri Lanka achieved a significant milestone (IMF Tranche Approval) in its ongoing economic recovery efforts by securing the approval of the third review under its $2.9 billion Extended Fund Facility (EFF) from the International Monetary Fund (IMF). This pivotal decision led to the […]
