As the economy stabilizes, despite lingering challenges, efforts to correct macrofinancial imbalances are showing results, driven by policy measures and reforms that support financial stability.
The CBSL praised the financial sector's progress in managing the effects of the economic crisis but emphasized the importance of sustained efforts to ensure stability in the medium to long term.
Since April 2022, Sri Lanka's banking system, including the central bank, has repaid or built reserves of $7.39 billion, despite implementing deflationary policies and selective defaults on certain debts.