Sri Lanka: from debt default to transformative growth

https://odi.org/en/publications/sri-lanka-from-debt-default-to-transformative-growth-second-edition

An expanded essay series charting Sri Lanka’s path beyond stabilisation towards lasting economic prosperity.

In 2022, Sri Lanka faced its worst economic crisis since independence, culminating in a sovereign debt default.

Building upon the insights of the acclaimed first edition, this second edition revisits Sri Lanka’s remarkable economic journey, now extending to early 2025. Following the unprecedented sovereign debt default of 2022, Sri Lanka’s stabilisation has surpassed expectations, yet the challenge remains: to transcend mere recovery and forge a path towards sustained, transformative growth. Edited by Ganeshan Wignaraja and Dirk Willem te Velde, this expanded collection offers critical analysis and actionable policy recommendations.

Featuring insights from 24 prominent Sri Lankan and international experts, this edition includes an updated introduction and a new, pivotal essay advocating for a robust growth plan to prevent future crises. The 15 essays collectively offer 27 refined and expanded policy proposals designed to propel Sri Lanka towards long-term economic resilience and prosperity.

Download the full collection of essays below to delve deeper into these critical topics and discover actionable strategies to help Sri Lanka achieve its economic potential.

 

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