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Over the past 20 years, Sri Lanka's economy has experienced significant fluctuations, transitioning from a post-civil war recovery phase to facing severe challenges. Initially, economic growth was driven by sectors like textiles, agriculture, and tourism, but the global financial crisis and subsequent political instability, along with the COVID-19 pandemic, severely impacted growth. In 2022, the country faced a major economic crisis characterized by high inflation, dwindling foreign reserves, and widespread protests, leading to a restructuring of its debt and seeking assistance from international organizations. The economy is now grappling with the need for reforms to stabilize and rebuild.
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