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From The Report: Sri Lanka 2018
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Overview

Vision of change:
OBG
plus

High levels of public expenditure and rapid industrial expansion supported a long period of robust macroeconomic growth, averaging more than 6% between 2008 and 2014, as the country embarked on a period of post-war reconstruction. With this boom moderating in recent years, a series of ambitious reforms and corrective monetary and fiscal policies are helping maintain stability and reinvigorate the economy. 6 10 16 17 21 22 29 37 38 40 41 43 44 Page 50 Sri Lanka in brief Inclusive governance:…

Overview

Sri Lanka in brief:
OBG
plus

The country benefits from its strategic geographic position along a critical Indian Ocean trade route, strong base of industrial and cash crop exports, and rapidly expanding non-agricultural economy. High levels of public expenditure and rapid industrial expansion supported recent robust macroeconomic growth, averaging more than 6% between 2008 and 2014, as the country embarked on a period of post-war reconstruction. In recent years, value-added textiles have joined tea, rubber and spices to become a major export earner, while foreign direct investment inflows hit record highs in 2017. …