Navigating growth challenges in Sri Lanka
Peter Breuer, Senior Mission Chief for Sri Lanka at the IMF speaks during the International Monetary Fund (IMF) press conference in Colombo on November 23, 2024.
| Photo Credit: Reuters
Sri Lanka’s new National Peoples Power (NPP) government, led by the charismatic President, Anura Kumara Dissanayake, entered office in late 2024 at a turning point in the country’s economic history. Following default on its external debt obligations in April 2022, Sri Lanka had experienced its worst post-independence economic crisis in 2022-2023. While the economy is stabilising now, the challenges are far from over. Sri Lanka is on the precipice of both opportunity and risk and it is crucial that the government charts a path t...