Author: LMD International

Urgent Structural Reforms and Efficient Public Spending Key for Long-Term Growth COLOMBO, October 7, 2025—Sri Lanka’s recent economic performance has been strong. Despite this, the recovery remains incomplete, with growth still below pre-crisis levels and poverty significantly elevated. Strengthening the recovery will require continued macroeconomic stability, urgent structural reforms, and more efficient, better-targeted public spending, says the World Bank. Released today, the latest Sri Lanka Development Update, Better Spending for All, projects Sri Lanka’s economy to grow by 4.6 percent in 2025 — supported by a modest rebound in industry and steady growth in services — before slowing to 3.5 percent…

Read More