austerity programme

Economic Growth In Sri Lanka Drops To 16 Year Low

By Policy Research March 29, 2018

Sri Lanka’s economic growth rate fell to 3.1 percent last year, from 4.4 percent in 2016, the worst result in 16 years. This slide points to serious economic problems facing the government, amid a worsening debt burden. The Statistics Department said the services sector, which contributes close to 56 percent of output, grew last year …

Sri Lankan economy “hospitalised”

By Policy Research January 5, 2017

Outlining the road map for 2017 and beyond to achieve an upturn in Sri Lankan economy, the country’s Central Bank Governor Indrajit Coomaraswamy says the island nation is not an ICU case though it is hospitalised. “We are not in the Intensive Care Unit but clearly in hospital,” he remarks. Having an IMF program is …