Sri Lanka Map Vector Illustration Global Economy Famous Country WASHINGTON, June 28, 2023— The World Bank Group’s Board of Executive Directors today discussed the new Country Partnership Framework for Sri Lanka, which aims to help restore economic and financial Sri Lanka’s economy is projected to see moderate growth of 22% in 2024, showing signs of stabilization, following the severe economic downturn of 2022 But, the country still faces elevated poverty
Sri Lanka Map Vector Illustration Global Economy Famous Country South Sri Lanka entered into a preliminary deal with key lenders to restructure about $225 billion in foreign debt last year, which includes an agreement with China for about $475 billion in loans Sri Lanka’s economy was valued at $852 billion in 2021, holding steady from previous years in spite of the effects of the COVID-19 pandemic on tourism, one of its biggest contributors to earnings
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