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.
The Sri Lankan economy appears to be suffering from a growing debt crisis and is facing a risky external sector outlook in the near term. According to Central Bank’s 2016 Annual Report, the total general government external debt has grown by 10% in 2016 to US$ 27.2 billion. This article by Dushni Weerakoon analyses whether Sri Lanka is making progress in terms of getting its debt overhang under control.
In this article Dushni Weerakoon points out the need for Sri Lanka to confront difficult and delayed reforms to make the economy more efficient and competitive.