Sri Lanka has changed dramatically since the end of the armed conflict in 2009. The Sri Lankan economy grew approximately 8% in 2011. Resettlement of internally displaced people is largely complete. Sri Lanka is now a middle-income country at peace. Read More »
Sri Lanka's country context has evolved and changed in recent years. A 26 year long armed conflict ended in 2009. Since then, Sri Lanka has seen high growth at around 8% annually and 6.4% in 2012 driven by strong private sector demand, both in consumption and investment, and the public sector contributing through large infrastructure projects. Sustaining this level of growth will largely depend on fostering private sector development and private investment. Sri Lanka is now a middle-income country. Its demographics and health profile are changing. With an aging population, the share of the population at working age is reducing and, as in other MIC's, non-communicable diseases are on the rise, such as diabetes. As a consequence of achieving middle-income status, Sri Lanka has acquired access to International Bank of Reconstruction and Development (IBRD) financing as of FY12, allowing for significantly increased financial support from the World Bank during the coming years.
Sri Lanka: Commitments by Fiscal Year (in millions of dollars)*