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News
Sri Lanka to roll out $100mn ADB-funded social protection program
1+ hour, 19+ min ago (1634+ words) Tuesday September 8, 2026 6:00 pm ECONOMYNEXT — Sri Lanka will launch a 100-million-dollar Asian Development Bank (ADB) funded development program aimed at strengthening social safety nets, livelihoods, and care services for vulnerable groups. The Macro-Recovery Sector Development Program for Promoting Resilience and Inclusive…...
Rethinking central bank communication in an uncertain world: IMF
5+ day, 5+ hour ago (1694+ words) Thursday September 3, 2026 2:16 pm As central banks adapt their policy frameworks and tools to a more uncertain and shock-prone world, it is only natural that they are also reassessing how best to communicate policy frameworks and talk about the conjuncture. A…...
Sri Lanka???s economic growth could slowdown in second half of 2026
3+ week, 10+ hour ago (1585+ words) Monday August 17, 2026 7:58 pm ECONOMYNEXT – Sri Lanka’s economic growth could slow down between 4-5 percent in the second half of this year due to tight monetary policy and higher prices, Central Bank Governor Nandalal Weerasinghe said. The Central Bank raised the key…...
Sri Lanka???s central bank warns of elevated near-term inflation
3+ week, 4+ day ago (1679+ words) Friday August 14, 2026 11:01 am ECONOMYNEXT – Sri Lanka’s headline inflation has accelerated sharply, the central bank said, and is projected to remain elevated and above the target of 5 percent in the near term before moderating. Core inflation is also anticipated to increase…...
Sri Lanka regains upper-middle-income status amid fragile recovery
2+ mon, 6+ day ago (1740+ words) Thursday July 2, 2026 10:46 am ECONOMYNEXT – The World Bank Group has reclassified Sri Lanka from lower-middle-income to upper-middle-income, effective July 1. However it cautioned that several risks remain to maintaining that status amid elevated debt and slowing growth. Sri Lanka has been here…...
Sri Lanka’s monthly fuel bill doubles in May to US$536mn
2+ mon, 1+ week ago (1533+ words) Wednesday July 1, 2026 5:55 pm ECONOMYNEXT – Sri Lanka’s monthly oil import bill surged by 112 percent to US$ 536 million in May compated to a year ago due to buying fuel at a higher cost following the Middle Eastern escalation, the Central Bank data…...
Sri Lanka to increase bus fares again after last hike in March
2+ mon, 1+ week ago (1575+ words) Wednesday July 1, 2026 3:44 pm ECONOMYNEXT – Sri Lanka’s Cabinet has approved a proposal by the Minister of Transport to increase bus fares, taking into account fuel price changes, minister Nalinda Jayatissa said. “We haven’t decided on the percentage yet,” he said when…...
Rethinking free trade
2+ mon, 1+ week ago (1669+ words) Tuesday June 30, 2026 3:20 pm When it comes to international trade, countries have always weighed economic efficiency against national security. After World War II, they pursued free international trade through low tariffs in the belief that it was both economically efficient and…...
IMF: Sri Lanka should prioritize reform momentum
2+ mon, 1+ week ago (1637+ words) Tuesday June 30, 2026 5:54 pm ECONOMYNEXT – Sri Lanka should prioritize the reform momentum going forward, the International Monetary Fund’s Mission Chief for Sri Lanka said after concluding staff level discussions with the island nation’s authorities. The Mission headed by Evan Papargeorgiou was…...
Sri Lanka inflation rise to 3-year high in June 2026 to near CB’s upper target band
2+ mon, 1+ week ago (1612+ words) Tuesday June 30, 2026 4:02 pm ECONOMYNEXT – Sri Lanka’s overall rate of inflation, as measured by the Colombo Consumer Price Index (CCPI), rose to a three-year high of 6.8 percent in June 2026, near the Central Bank’s upper inflation target rate of 7 percent, data from…...