The World Bank says that debt restructuring and the implementation of a strict economic reform program are very important for the economic stabilization of Sri Lanka.
Also, the World Bank has further stated that it is important to strengthen the economy so that it can face any challenge.
It has also been mentioned that due to the impact of the covid epidemic situation and the war in Ukraine, Sri Lanka has suffered a lot due to record high commodity prices and depletion of foreign reserves.
The World Bank has further stated that the real GDP of Sri Lanka, which has plunged into the worst economic crisis, is expected to fall by 9.2% this year and by another 4.2% in 2023.
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