World Bank says SL recovery remarkable, among fastest worldwide

THE World Bank yesterday said Sri Lanka has made remarkable strides in stabilising its economy, undertaking one of the largest fiscal adjustments in its history, equal to nearly 8% of GDP over three years, and doing it faster than most countries.

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In a statement announcing the release of its latest diagnostic title 'Sri Lanka Public Finance Review: Towards a Balanced Fiscal Adjustment', the World Bank said that this adjustment was also sharper and faster by international standards when compared with more than 330 similar efforts in 123 countries worldwide since 1980.

The review, a core World Bank diagnostic conducted every five years in member countries, concludes that Sri Lanka is well-positioned to focus on making public finances work better for all Sri Lankans.

The $ 100 million financing comes from the International Development Association (IDA) of the World Bank Group, under an agreement signed on 8 September 2025 by Treasury Secretary Dr.

Harshana Suriyapperuma on behalf of the Government of Sri Lanka, and World Bank Country Director for Maldives, Nepal and Sri Lanka David Sislen on behalf of the IDA.