The external sector of the Sri Lankan economy continued to strengthen in March 2025, with the highest monthly current account surplus recorded since the commencement of compiling monthly current account statistics in January 2023.
The easing of deflationary conditions that commenced in March 2025 continued into April 2025, in line with the Central Bank’s near-term projections. Accordingly, headline inflation, as measured by the year-on-year (Y-o-Y) change in the Colombo Consumer Price Index (CCPI, 2021=100), recorded a slower pace of deflation at 2.0% in April 2025 compared to the deflation of 2.6% recorded in March 2025.
Sri Lanka Purchasing Managers’ Index for Construction (PMI - Construction), as reflected by the Total Activity Index, recorded a value of 54.3 in March 2025. Most of the survey respondents reported a continued expansion in construction work during the month, mainly attributed to the conducive environment with stable prices and favourable weather conditions.
The publication on the Financial Statements and Operations of the Central Bank of Sri Lanka 2024, a requirement under Section 99(2) of the Central Bank of Sri Lanka Act, No 16 of 2023, was presented to His Excellency the President and the Minister of Finance, Planning and Economic Development, Anura Kumara Dissanayake, by Dr. Nandalal Weerasinghe, the Governor of the Central Bank of Sri Lanka, today, 29 April 2025.
Dr. Nandalal Weerasinghe, the Governor of the Central Bank of Sri Lanka (CBSL), and Mr. K M M Siriwardana, Secretary to the Treasury, participated in the Global Sovereign Debt Roundtable (GSDR), which was held in Washington DC on 23 April 2025 on the sidelines of the Spring Meetings of the International Monetary Fund (IMF) and the World Bank Group (WBG).
IMF staff and the Sri Lankan authorities have reached staff-level agreement on economic policies to conclude the Fourth Review of Sri Lanka’s reform program supported by the IMF’s Extended Fund Facility. Once the review is approved by the IMF Executive Board, Sri Lanka will have access to about US$344 million in financing.