Sri Lanka’s economy has recorded positive growth for the first time since its devastating economic crisis. While the overall 2023 growth remained negative, the fourth quarter showed signs of recovery, driven by tourism, export growth, and international aid.
The International Monetary Fund (IMF) has been instrumental in providing financial assistance and guidance. The country’s central bank has also implemented policies to stabilize the currency and reduce inflation.
Sri Lanka’s recovery serves as a testament to the resilience of emerging markets in overcoming economic crises, though challenges like debt repayment and fiscal reforms remain.
