As the World Bank has highlighted, maintaining upper-middle status requires not just recovery momentum but deep structural reforms to drive sustainable, inclusive growth.
The government has projected growth of around 4 per cent for the next fiscal year, while aiming to keep inflation under control and continue fiscal consolidation.
Sri Lanka continues to grapple with the legacies of structural poverty even as the nation navigates a fragile economic recovery from the devastating 2022 crisis.
Every year, hundreds of thousands of Bangladeshis migrate abroad in search of better livelihoods, driven by high unemployment, poverty, and the promise of remittances that sustain families back home.