Sri Lanka: from debt default to transformative growth

Sri Lanka's sovereign debt default in early 2022 triggered the worst economic crisis in the country's post-independence history. By mid-2024, the economy has stabilized faster than anticipated, surpassing the performance of several other debt-defaulting developing countries and also exceeding IMF expectations. However, stabilisation and a return to the pre-crisis growth path are not enough for Sri Lanka. This book, featuring essays by leading Sri Lankan and international scholars and experts, presents 27 proposals of how to shift the economic trajectory of Sri Lanka decisively from one of debt distress to one of sustained growth over the next few years.