The economy made significant recovery and achieved macro-economic stability in 2024 following prudent macro-economic policies adopted by the Central Bank according to the Central Bank ‘Policy Agenda for 2025 and Beyond’ unveiled a while ago at the Central Bank.
A notable progress was seen throughout 2024 which included strengthening financial and external sector buffers to mitigate potential risks and make the economy more resilient to external shocks,” said Central Bank Governor Dr. Nandalal Weerasinghe.
Elaborating further on the progress made in 2024 he said the completion for the debt restructuring process though yet a small component has to be completed was a key achievement to the economy.
Adjustments to general price levels, flexible exchange rate policy, financial system stability helped boost investor confidence and strengthen the broad based growth, the Governor noted.
Concluding his remarks for 2025 and beyond Dr. Nandalal said strengthening mid to long term stability is crucial for sustained growth of the economy.
