Brain Drain in Sri Lanka: Can the Nation Retain Its Talent?
Introduction In recent years, Sri Lanka has seen a significant rise in the migration of skilled professionals—an issue commonly referred to as “brain drain.” Doctors, engineers, IT professionals, academics, and even entrepreneurs are increasingly choosing to live and work abroad(Brain Drain in Sri Lanka). This growing trend poses a critical challenge to the nation’s economic […]
Elon Musk Merges X with xAI in $33 Billion Deal – A Bold Leap Toward the AI-Powered Future
In a landmark move that underscores the evolving synergy between social media and artificial intelligence (AI), Elon Musk has orchestrated the sale of X (formerly known as Twitter) to his AI enterprise, xAI, in an all-stock transaction valued at $33 billion. This strategic merger is poised to redefine the landscape of digital communication and AI […]
Visa Commits to Support Women Entrepreneurs in Sri Lanka during International Women’s Month 2025
Colombo, March 28, 2025: Visa (NYSE: V), the global leader in digital payments reiterated its support to women entrepreneurs across Sri Lanka as a part of its International Women’s Month celebrations across the world, by stating a firm commitment towards financial inclusion and digitization of women-led businesses, and hosted women from different walks of life […]
Beyond the IMF: Why Sri Lanka’s Future Depends on Deep Economic Reforms
In a recent public lecture facilitated by the Central Bank of Sri Lanka, Dr. Indrajit Coomaraswamy, former Governor of the Central Bank and a distinguished economist, emphasized that while the International Monetary Fund’s (IMF) support is crucial, it is not a panacea for Sri Lanka’s economic challenges(Economic Reforms). He underscored the imperative need for comprehensive […]
The Rise of Digital Entrepreneurship and the Gig Economy in Sri Lanka
In the wake of Sri Lanka’s ongoing economic challenges, a silent revolution is taking place—one that’s reshaping how young Sri Lankans work, earn, and build their futures. This transformation is being driven by digital entrepreneurship and the growing gig economy, offering new pathways beyond the conventional 9-to-5. A Shift in Mindset: From Job Seekers to […]
Sri Lanka’s Economic Recovery: Are IMF Funds and Reforms Doing the job right?
Three years after Sri Lanka’s economic collapse shook the nation—empty fuel pumps, darkened homes, and inflation that once hit 69.8%—the island is clawing its way back(Economic Recovery). The International Monetary Fund (IMF) has been a lifeline, pumping $1.34 billion into the economy by March 2025 as part of its $2.9 billion Extended Fund Facility (EFF) […]
Challenges Facing Tax Policy in Sri Lanka
Despite reforms, Sri Lanka faces several ongoing tax challenges: Sri Lanka’s tax-to-GDP ratio hovers around 8% to 9%, one of the lowest in South Asia. This limits the government’s ability to fund infrastructure, education, healthcare, and social welfare programs. Many high-income earners and businesses underreport earnings. A lack of enforcement, coupled with loopholes in tax […]
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 […]
