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Sri Lanka’s poverty alarmingly high: WB
Gulf Today
|April 24, 2025
About a quarter of cash-strapped Sri Lanka’s population was living in poverty despite the economy making a “remarkable recovery” from its worst financial meltdown, the World Bank said on Wednesday.
The South Asian nation’s growth surpassed the Bank’s forecast of 4.4 per cent, recording 5.0 per cent in 2024 -- the first economic expansion since the 2022 crisis.
“While the economy is recovering, many Sri Lankans are still struggling... the poverty rate remained alarmingly high at 24.5 per cent in 2024,” the Bank said in its latest update on the island.
Cette histoire est tirée de l'édition April 24, 2025 de Gulf Today.
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