Sri Lanka’s economy was valued at $85.2 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.

Sri Lanka is paying some foreign debts with tea, rather than cash. But an abrupt ban on chemical fertilizers has hurt crop yields and tea pickers are losing hours and wages as food prices double.

Sri Lanka’s international partners, including the United States, EU, Japan, India, and others should press for genuine reforms to ensure this bill meets Sri Lanka’s international human rights ...

Starting around 2016, Sri Lanka's economy was beset by a series of fiscal and economic policy missteps. The COVID-19 pandemic only worsened an economy plagued by mismanagement, trade deficits, and ...

The latest Sri Lanka Development Update (SLDU) projects the country’s economy to contract by 4.3 percent in 2023, as demand continues to be subdued, job and income losses intensify, and supply-side ...

Sri Lanka defaulted on its debt last year and recently secured a $3 billion bailout from the IMF. Fred de Sam Lazaro traveled to the island nation of 23 million people to see how the country is ...

Sri Lanka has been self-suficient in rice for decades, but went to international markets last year to buy 149,000 tonnes of the grain after the fertiliser shortage first hit production.

This March marks the mid-point of Sri Lanka’s four-year economic reform program supported by the International Monetary Fund (IMF). In the two years since its inception difficult but much needed ...

The Sri Lanka Development Update (SLDU) has two main aims. First, it reports on key developments over the past 12 months in Sri Lanka’s economy, places these in longer term and global contexts, and ...