ECONOMYNEXT – Sri Lanka should liberalize factors of production including land and labour, and liberalize trade to push growth to a higher level, the World Bank said in a report as the country recovers from a currency crisis that ended in default and high levels of poverty. Sri Lanka is expected to grow 4.6 percent in 2025, and it may slow to 3.5 percent in 2026, the World Bank said in a Development Update for the island. Though revenues are increasing with higher taxes, high debt levels require that money is better spent. After finishing incomplete infrastructure, money should continue…
Sri Lanka should reform land, labour, liberalize trade for higher growth: World Bank
Published in News
More from NewsMore posts in News »
- Restoration of Northern, Talaimannar railway lines begins
- Education reforms should suit the country, not the JVP: Namal
- Bride and groom among 8 killed in gas cylinder blast at Pakistan wedding
- Four arrested over alleged Grand Pass shooting plot
- Sri Lanka’s China-backed Hambantota Port eyes 2mn box capacity after 700-pct growth