WB calls for bold four-pillar reforms to drive SL's growth surge

The World Bank has handed Sri Lanka a sharply defined economic reform recipe, a four-pillar blueprint aimed at dragging productivity out of a two-decade decline and steering the country from fragile stabilisation to durable, investment-driven growth.

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Delivering a forward-looking call to action, World Bank Country Manager for Sri Lanka and Maldives Gevorg Sargsyan said the country is now ata “defining moment”, where its next phase of growth hinges entirely on embracing second-generation reforms.

“Sri Lanka cannot return to a debt-fuelled growth model. The future must be built on productivity, competition and private investment,” he said addressing the Sri Lanka Economic and Investment Summit 2025 _ hosted by the Ceylon Chamber of Commerce (CCC) yesterday.