Sustaining transformative growth in Sri Lanka 2025-2030

Debt sustainability remains the cornerstone of economic recovery

- By Dr. Faheema Saheed

(By Dr. Faheema Saheed)

SRI Lanka enters the period of 2025-2030 at a critical juncture, having emerged from its severe economic crisis in the recent past. Sri Lanka’s economic landscape once in the brink of collapse in the aftermath of the 2022 crisis has demonstrated a remarkable turnaround, yet the path to sustained growth is weighted with significant challenges.

Though the country achieved a swift rebound through decisive policy measures, a strategic road-map with deep structural transformation is imperative to establish a resilient economy without derailing the current momentum.

A report was presented by a group of professionals on the central theme ‘Sustaining Transformative Growth in 2025-2030’ with the objective of ensuring the continuity of transformative growth in the next half decade. This article is based on the presentations of the contributing professionals namely, Prof. Sirimal Abeyratne — Executive Director of the Centre of Poverty Analysis, Dr. Ganeshan Wignaraja — fellow ODI Global and Yvette Fernando - former Senior Deputy Governor of the Central Bank of Sri Lanka who elaborated on its key themes and implications, at a seminar organised by the Centre for Poverty Analysis, the Overseas Development Institute and the Sri Lanka Economic Association at the Organization of Professional Associations of Sri Lanka.