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Sri Lanka
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The Central Bank of Sri Lanka (CBSL) has sought to stimulate a rebound in the economy by cutting domestic interest rates, following a slowdown linked to the Easter terrorist attacks.
Economic update | Sri Lanka’s plan to boost connectivity and reduce congestion in Colombo
26 Apr 2019
Sri Lanka is set to break ground on the first stage of the Colombo Light Rail Transit (LRT) project, a major development designed to ease congestion and improve connectivity in the capital.
Articles & Analysis | Sri Lanka Vision 2025 seeks to attain upper-middle-income status from The Report: Sri Lanka 2019
In September 2017 the Sri Lankan government launched an ambitious development plan, Vision 2025. The eight-year strategy aims to turn the country into an upper-middle-income one “by transforming Sri Lanka into the hub of the Indian Ocean, with a knowledge-based, highly competitive, social market economy”. While the government and the country...
Articles & Analysis | International trade supported by regional integration and new deals among emerging economies from The Report: Sri Lanka 2019
Global trade faces protectionist headwinds that are dampening the outlook for growth in the coming years. According to the World Trade Organisation (WTO), trade volume grew by 4.7% in 2017 and is expected to have moderated slightly to 4.4% in 2018 and dip to 4% in 2019. Although this means growth will fall below the 4.8% average seen since...
Articles & Analysis | Sri Lankan exports take off with reinstated Generalised Scheme of Preferences Plus status from The Report: Sri Lanka 2019
Export industries received a welcome boost in May 2017, when the EU reinstated Sri Lanka’s Generalised Scheme of Preferences Plus (GSP+) status, which had previously been rescinded over human rights concerns in 2010. GSP+ status removes the majority of import duties on Sri Lankan goods entering the European single market, providing access to...