CSE and NCE Partner to Empower Sri Lankan Exporters
The Colombo Stock Exchange (CSE) and the National Chamber of Exporters of Sri Lanka (NCE) entered into a strategic partnership to support Sri Lankan exporters …
Economy
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Sri Lanka delegation agrees to work with US in lowering tariff and non-tariff barriers
Statement by the Government of Sri Lanka on discussions held in Washington DC with United States Trade Representative (USTR) Office on reciprocal tariff A Sri …
IMF Reaches Staff-Level Agreement on Fourth Review under EFF with Sri Lanka; Global Trade Policy Uncertainty Poses Risks
IMF staff and the Sri Lankan authorities have reached staff-level agreement on economic policies to conclude the Fourth Review of Sri Lanka’s reform program …
Pilot Project Launched in Southern Province to Strengthen Regional Contribution to Export Development
A strategic discussion aimed at enhancing the contribution of provincial export development was held on 22nd April 2025 under the patronage of Hon. Sunil …
Sri Lanka’s Q1 2025 Exports Surge by 5.87-pct, Reaching USS 4.21 Bn
Sri Lanka has demonstrated remarkable resilience and growth in its export sector during the first quarter of 2025, with total exports reaching US$ 4,212.13 Mn, …
SL Economy Outpaces Growth Projections, More Efforts Needed to Reduce Poverty, Boost Growth: WB
Sri Lanka’s economy has made a remarkable recovery in 2024, surpassing growth expectations by recording 5 percent growth, compared to the projected 4.4 …
IMF staff team concludes visit to SL; discussions to continue toward reaching an agreement in near term
An International Monetary Fund (IMF) team led by Evan Papageorgiou visited Colombo from April 3 to 11, 2025. After constructive discussions in Colombo, Mr. …
Sri Lanka’s Import Constraints From US Threaten Economic Growth Outlook: Moody’s
Frontier markets such as Sri Lanka, Pakistan (Caa2 positive) and Bangladesh, which do not have the capacity to import as much from the US and whose current …
CCPI in March 2025 signals easing of deflationary conditions
In line with the Central Bank’s near term projections, deflationary conditions commenced easing in March. Headline inflation, as measured by the year-on- …
TISL Welcomes IMF Structural Benchmark on Asset Declarations
Transparency International Sri Lanka (TISL) welcomes the introduction of a new Structural Benchmark in the IMF’s Third Review Agreement, addressing gaps in …
Sri Lanka Exports Reach USD 1.38 Billion in February, Up 4.62-pct Year-on-Year
Total exports, including both merchandise and services, reached at US$ 1,382.53 Mn in February 2025, marking a notable 4.62% year-on- year growth compared to …
Who Stands to Lose? The Effects of GSP+ Withdrawal on Sri Lanka’s Exports and Labour Force
Growing uncertainties on the future of global trade as President Trump seeks to impose reciprocal tariffs make programmes such as the European Union’s …
Sri Lanka’s Q4 GDP Growth Hits 5.4-pct, 2024 Projected at 5.0-pct
Issuing a communiqué, on releasing National Accounts Estimates, the DCS states that the GDP growth rate for the year 2024 has been estimated as 5.0 percent of …
IMF Executive Board Completes the Third Review Under the Extended Fund Facility
The IMF Executive Board completed the Third Review under the 48-month Extended Fund Facility with Sri Lanka, providing the country with immediate access to SDR …
Sri Lanka’s Revenue Raising Drive Key to Credit Profile: Fitch Ratings
The Sri Lankan government’s budget highlights the authorities’ commitment to raising fiscal revenues as a share of GDP - an approach that, if successful, …
Agreement between the UAE and Sri Lanka to Strengthen Economic and Investment Relations
Coinciding with the President’s three-day official visit to the United Arab Emirates (UAE) to attend the World Governments Summit 2025, Sri Lanka and the UAE …
2025 Budget Must Meet EFF Program Parameters for Executive Board Approval: IMF
The International Monetary Fund (IMF) has stressed the importance of the 2025 budget aligning with the parameters of the Extended Fund Facility (EFF) program, …
EDCM Resumes Operations after 28 Years; targeting USD 36 Bn in Export Revenue by 2030
In line with the new government’s policy of “A Thriving Nation- A Beautiful Life,” President Anura Kumara Disanayake directed officials to take the …
Total exports for December 2024 increased by 9.21-pct compared to 2023
As per the provisional data released by the Sri Lanka Customs, the merchandise export performance in December 2024 amounted to US$ 1,042.5 million, reflecting …
Quarterly Headline Inflation Projected to Hit Target Range of 5-pct ±2-pct by Q3 2025: CBSL
According to a recent report submitted by the Central Bank of Sri Lanka (CBSL), quarterly headline inflation is projected to reach the target range of 5% ±2% …