Courtesy: High Commission of India, Colombo
Cyclone Ditawah has put a serious dampener on Sri Lanka’s rosy post-budget economic outlook. Sri Lanka can help itself by using available national resources, but India can help too, by partnering with multilateral development banks to manage the post-Cyclone Ditwah reconstruction implementation strategy. It can also share its experience of implementing gradual economic reforms and policy planning under Niti Ayog to support Sri Lanka’s efforts.
Courtesy: Sri Lanka PMD
After a remarkable recovery from a very deep crisis in 2022, Sri Lanka’s recent budget for 2026 consolidates economic stabilisation and introduces a few markers for further growth. But more needs to be done to embed a growth strategy and transform its economy to avoid further IMF austerity programmes.
Courtesy:
Since their swearing-in in September this year, President Anura Kumara Dissanayake’s cabinet of three has been campaigning for long-term economic and political reform. To make these major changes and put Sri Lanka back on the growth path, they will now need to win a majority in the Parliamentary elections to be held on November 14.