2024: Sri Lanka's economy projects 2.2% growth, but poverty rate rises to 25.9% (World Bank).

Sri Lanka's bankrupt economy is recovering, with a projected moderated growth of 2.2% in 2024, according to the World Bank. However, poverty rates have continued to rise for the fourth consecutive year, impacting around 25.9% of the population. The World Bank emphasized the importance of addressing the economic crisis's impact on the poor and vulnerable, alongside continued robust and credible structural reforms.