INSUBCONTINENT EXCLUSIVE:
contractions.According to the publication, Sri Lanka is showing signs of recovery, with green shoots emerging in the second half of 2023
Inflation has decelerated to single digits, foreign exchange reserves continue to be built up, and the exchange rate has appreciated
growth forecast hinges on the continuation of reforms and better consumer and business sentiment
Deputy Country Director for Sri Lanka Utsav Kumar
It is critical that Sri Lanka addresses the impact on the poor and vulnerable and also continues to implement reforms to address the
went on to note that addressing poverty vulnerabilities amid economic recovery is a major challenge faced by the country, adding that
poverty gains eroded as a result of the COVID-19 pandemic and the subsequent economic crisis.It pointed out that as the economy stabilizes,
the island nation must ensure that the most affected and vulnerable groups of people are supported, and high poverty incidence and income
remains committed to achieving a prosperous, inclusive, resilient, and sustainable Asia and the Pacific, while sustaining its efforts to
eradicate extreme poverty
