Sri Lanka

Sri Lanka's earlier administration had agreed to purchase power from Adani’s 484-megawatt wind power project at a rate of 8.26 US cents per unit under a 20-year power purchase agreement. This agreement, announced in May 2023, triggered widespread criticism due to the high price and lack of competitive tendering.

Sri Lanka's recent economic performance has shown resilience, but challenges persist. The World Bank cautioned that macroeconomic stability is contingent on the consistent implementation of fiscal, financial, and monetary policies.

As Sri Lanka navigates these complex international relationships, concerns persist about the nation's sovereignty and its ability to maintain a balanced foreign policy amidst mounting external pressures.

Sri Lanka’s central bank embraced deflationary measures that allowed currency appreciation and restored external stability. Critics argue, however, that these gains may be short-lived without structural reforms and tighter inflation targets.

The global economic growth is driven by strong economic activity in India, alongside recoveries in Pakistan, Bhutan, Nepal, and Sri Lanka.

Sri Lanka's initiatives, coupled with a focus on multi-sectoral policies, reflect a progressive approach to addressing mental health risks across the life course.

SOEs, including SriLankan Airlines, Sri Lanka Telecom, and Ceylon Petroleum Corporation, have long been plagued by mismanagement and inefficiencies, burdening taxpayers.

In May, temperatures in the Philippines and Thailand topped 50 degrees Celsius as an intense heatwave gripped South and South-East Asia.