Economic Reforms

Sri Lanka’s Economic Policy Choices: From Stabilisation to Growth

Sri Lanka has faced a turbulent economic journey in recent years, with 2022 witnessing an unprecedented crisis marked by a staggering 8.7% GDP contraction. The economy slowly but steadily pulled back from the abyss over the course of 2023. These positive developments are a result of the implementation of economic stabilisation measures and groundwork for institutional and regulatory reforms to support future growth. But there are concerns about the impact on the most vulnerable groups. As a country that faces years of weak growth, IPS’ ‘Sri Lanka: State of the Economy 2023’ report, explores the complex policy choices Sri Lanka faces as it navigates the path to economic recovery.

Latest Edition of Talking Economics Digest Now Online! – Transitioning to a High Middle Income Economy

As Sri Lanka moves towards achieving high middle-income status, the country is faced with both challenges and opportunities. To leverage the maximum advantage presented by these favourable circumstances and overcome the obstacles, reforms are needed in almost all aspects of the economy. In this context, the 17th Edition of the Talking Economics Digest centers on the theme of ‘Transitioning to a High Middle Income Economy.’

Economic Reforms in Sri Lanka: Salvation or a Recipe for Inaction?

Vision 2025, the current government’s short and medium-term policy direction, is aimed at steering the economy towards more sustainable means of growth, led by foreign and domestic private investment. However, is Sri Lanka on the right track in this regard? This blog, based on the views expressed at New Thinkers’ Symposium, explores some key structural and institutional roadblocks that are hampering Sri Lanka’s path to progress.