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Sri Lanka's 2024 Recovery Report Given To President

The Central Bank of Sri Lanka today (07) presented its flagship publication, the Annual Economic Review for 2024 (AER 2024), to President and Minister of Finance, Anura Kumara Dissanayake.

The report highlights the steady progress of Sri Lanka’s economic recovery following the country’s most severe downturn in recent history.

The report was officially handed over by Dr. P. Nandalal Weerasinghe, Governor of the Central Bank, during a special ceremony held at the Presidential Secretariat.

AER 2024 comprises four main chapters: Macroeconomic Developments, Conditions of the Financial System, Review of Central Bank’s Policies, and Macroeconomic Outlook.

According to the Review, the Sri Lankan economy showed significant signs of recovery in 2024, following the deep economic crisis experienced two years ago.

The recovery trajectory, though challenging, has been notably faster than that of many other debt-distressed countries. Improvements in economic activity, a partial resurgence in purchasing power, and reduced uncertainty are among the key positive indicators noted in the report.

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