Sri Lanka Economic Growth Picks Up as IMF Aid Keeps Flowing
Sri Lanka secured about $334 million in International Monetary Fund loans this month, helping bolster economic recovery.
Photographer: Buddhika Weerasinghe/BloombergThis article is for subscribers only.
Sri Lanka’s economy grew faster than expected last quarter, indicating strong domestic activity backed by the International Monetary Fund’s aid.
Gross domestic product rose 5.4% in the three months to December from a year ago, the Statistics Department said Tuesday, higher than the 5.3% expansion predicted by economists in a Bloomberg survey. GDP figures for July-September period were revised lower to 5.3% from 5.5% earlier.