World Bank2023-10-032023-10-032023-10-03https://openknowledge.worldbank.org/handle/10986/40420Sri Lanka’s longstanding structural weaknesses plunged the country into a severe economic crisis in 2022. The economy has shown initial signs of stabilization, albeit at a low-level equilibrium, in the first half of 2023. Swift and sufficiently deep debt restructuring is needed to restore Sri Lanka’s debt sustainability and regain access to international financial markets.en-USCC BY-NC 3.0 IGOReportWorld Bank10.1596/40420