How Sri Lanka is Rewriting its Economic Narrative

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How Sri Lanka is Rewriting its Economic Narrative - The Diplomat

Quick Summary:

By prioritizing transparency, the Sri Lankan government aims to rebuild trust with international lenders and investors, a critical step in stabilizing the economy.

Parallel to those efforts, the repeal of the colonial-era Foreign Debt Act in December 2024 and its integration with the Public Debt Management Act (2024) create a much-needed unified framework for debt management by centralizing the management of government borrowing.

The current efforts, ranging from public sector restructuring to digital transformation, are not merely about meeting IMF conditions; they are about positioning Sri Lanka as a credible and attractive destination for foreign investment.