The Asian Development Bank (ADB) stated on Tuesday that Sri Lanka’s economy is expected to see negative growth this year but a recovery is likely to kick in, in 2024.
Inflation is forecast to moderate in 2023 and to be within the target band next year, it was announced in Colombo in releasing the ADB Asia Outlook 2023 report.
The ADB said it wants Sri Lanka to remain on track in terms of macroeconomic stability and structural reforms. (SD)
Former Chairman of SriLankan Airlines, Nishantha Wickramasinghe, arrested on allegation of corruption by the Commission to Investigate Allegations of Bribery or Corruption (CIABOC) has been remanded until July 1 by the Colombo Magistrate court.
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