Publication: Sri Lanka Development Update, April 2024: Bridge to Recovery
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2024-04-02
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2024-04-02
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The Sri Lankan economy has shown early signs of stabilization with improved fiscal and external balances, supported by a recovery in remittances and tourism and the continued debt service suspension. However, this will be insufficient to reverse crisis-induced welfare losses as poverty levels remain elevated. The narrow path to restoring growth and prosperity will hinge on a successful debt restructuring, adequate support to the most poor and vulnerable, and continued reform implementation despite upcoming elections.
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“World Bank. 2024. Sri Lanka Development Update, April 2024: Bridge to Recovery. © World Bank. http://hdl.handle.net/10986/41338 License: CC BY-NC 3.0 IGO.”
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