Sri Lanka achieves remarkable economic stabilisation

Sri Lanka, once a symbol of economic collapse, has achieved remarkable stabilisation after its 2022 crisis. Fuel shortages and soaring inflation have receded, with economic growth returning and tourism booming. International lenders have praised the IMF-backed reforms, which have helped restore basic economic function. However, significant challenges like high public debt and low investment persist, indicating that while crisis conditions have eased, complete recovery is still incomplete and deeper transformation is the next crucial step.