Following several years of high lending, hiked interest rates and the pursuit of Basel III compliance, credit growth in Sri Lanka could slow this year and into 2018.
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Economic Update | Cooler credit growth forecast for Sri Lanka’s banks
21 Jul 2017
Economic Update | Sri Lanka exports to rise after regaining GSP+ status
27 Jun 2017
The recent decision by the EU to reinstate Sri Lanka to its tariff exemption scheme, designed to assist developing countries in achieving upper-middle-income status, should serve to boost exports and...
Economic Update | Sri Lanka pushes ahead with renewable agenda
30 May 2017
Enhancing Sri Lanka’s renewable capacity is a key aim of new proposals for the power sector, with the threat of climate change also engendering a shift in the country’s energy mix.
Economic Update | Sri Lanka seeks to carve out niche in medical tourism
21 Apr 2017
Rising numbers of tourists from abroad and a state-led campaign to expand medical tourism could attract further investment to Sri Lanka’s health care sector, creating additional opportunities for its...
Economic Update | Sri Lanka’s manufacturers make steady progress
8 Mar 2017
Rising demand and expectations of stronger sales should sustain growth in Sri Lankan manufacturing in 2017, though labour shortages will need to be addressed to maintain this trajectory.
Economic Update | Shopper sentiment improves on the back of retail growth in Sri Lanka
22 Feb 2017
Greater consumer confidence could bring about higher returns from Sri Lanka’s retail sector, though the possibility of a further tightening of monetary policy by the country’s central bank might...