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Sri Lanka Leader Ramps Up Spending in High-Risk Bid for Support

(Bloomberg) — Many Sri Lankan voters who backed President Gotabaya Rajapaksa’s election bid three years ago are now struggling to make ends meet. His government is spending to ensure that…

Sri Lankan Economy Spiralling out of control; Requests IMF assistance

By Asanga Abeyagoonasekera Sri Lanka’s economic meltdown is one of the worst in recent decades, pushing many families into poverty. The situation is rapidly spiraling out of control with multiple…

Sri Lanka’s Central Bank to Steer Towards a More Hawkish Direction – First Capital

Ahead of the Monetary Policy Review Meeting of the Central Bank of Sri Lanka (CBSL), the First Capital Research predicted a 50% probability for a policy rate hike to prevent…

CBSL expects inflation to deviate from its targeted levels

The Central Bank of Sri Lanka expects headline inflation to deviate somewhat from the targeted level of the 4-6 percent range in the near term while continuing to prioritize policy…

Inflation Spectre Floats on Developing World’s Horizon including Sri Lanka

By Rabah Arezki and Jean-Pierre Landau As the global economy begins to emerge from the COVID-19 crisis, managing inflation risks will be much more challenging in developing countries than in…

Sri Lanka’s National Inflation Rises to 6.8% in July

Sri Lanka’s Headline inflation, as measured by the year-on-year (Y-o-Y) change in the National ConsumerPrice Index rose to a record high of 6.8 percent in July 2021 from 6.1 percent…

Sri Lanka and IFAD partners to launch $42.7M project to reduce poverty and increase food security in the face of climate change

The International Fund for Agricultural Development (IFAD) together with the Government of Sri Lanka last week signed a financial agreement to launch the Smallholder Agribusiness and Resilience Project (SARP). The…