Sri Lanka’s economy is rebounding more strongly than anticipated; however, approximately one-third of the population continues to live in poverty or remains vulnerable to falling back into poverty, according to David Sislan, World Bank Country Director for Sri Lanka.
Sislan made these remarks during the release of the World Bank’s biennial Sri Lanka Development Update.
According to the report, Sri Lanka’s economic performance in 2024 has been remarkable, achieving a growth rate of 5 percent—surpassing the earlier projection of 4.4 percent. This recovery has been primarily fueled by robust growth in the industry and services sectors, with notable contributions from construction and tourism-related services.
