Restoring forex market stability – would a mere currency devaluation suffice?
On 7th March 2022, the Central Bank of Sri Lanka (CBSL) announced that it would allow greater flexibility in the exchange rate and hence devalued...
Sri Lanka plantations at a fork in the road, thrive or survive?
Plantation industry is one of the oldest industries in Sri Lanka and plays a pivotal role in bringing foreign exchange earnings to the country...
Budget 2022 | Fiscal weakness to persist next year
In our assessment, for Sri Lanka to achieve meaningful economic outcomes from the budget, far-reaching reforms have to be carried ...
Pandemic to Endemic | Implications for Sri Lankan Economy
Increasingly, many experts feel transitioning to an endemic is a realistic endpoint for the current pandemic. Endemic means the ...
2022 SL Budget Appropriation Bill | Initial Observations
This article presents ICRA Lanka’s initial observations with regard to the aggregate expenditure allocations of First and Second Schedules...
Low interest rates. Who are the winners and losers?
When the COVID pandemic engulfed global economies, Central Banks around the world almost universally, brought ...
Commodity price deflation is over! What next for Sri Lanka?
Year 2020 marks the lowest global commodity prices in the recent history as a result of extraordinary events that unfolded with ...
Sri Lanka Economy | 2020 Highlights
ICRA Lanka estimates Sri Lanka’s GDP growth rate in 2020 to be -4%. In addition, our estimates indicate industry, services,...
The Central Bank’s COVID Response | Finding balance between financial sector stability and credit growth
ICRA Lanka believes maintaining the soundness of the financial system is of paramount importance to long term...
Sector Outlook | Construction
Construction sector is expected to demonstrate resilience compared with other economic sectors of Sri Lanka...