Sri Lanka: Recovery Takes Hold
Global Finance
JUNE 4, 2024
The latest such episode started in 2019 with the ongoing debt crisis, followed by a currency collapse and, in 2022, the fall of the scandal-ridden government of Rajapaksa. The BOI approves private FDI and local investments. Each time, it has bounced back. billion GDP growth (2023): 4.5% Inflation: (April 2024): 1.5%
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