The Central Bank of Sri Lanka has unveiled its inaugural Annual Economic Review and Financial Statements & Operations for the Year 2023.
This landmark publication includes the Annual Economic Review 2023, mandated by Section 80 of the Central Bank of Sri Lanka Act, No. 16 of 2023 (CBA), and the Financial Statements & Operations of the Central Bank 2023, published under Section 99 of the CBA.
Presented to President and Minister of Finance Ranil Wickremesinghe by Dr. P Nandalal Weerasinghe, the Governor of the Central Bank of Sri Lanka, on Thursday (Apr 25), these inaugural releases mark a significant milestone.
As per the CBSL’s Annual Economic Review of 2023, the Sri Lankan economy saw a gradual revival from its deepest economic downturn since independence. Decisive policy adjustments and structural reforms, implemented by both the Government and the Central Bank, played a crucial role in restoring macroeconomic stability. Despite short-term challenges faced by economic stakeholders, these measures prevented a further deepening of the crisis and set the economy on a sustainable path of recovery.
With risks still prevalent, the steadfast commitment of policymakers and wider public support remains essential to sustain the economic reform agenda and restore debt sustainability.