04-July-2026
Economy News
 
World Bank reclassifies Sri Lanka as upper-middle-income country after economic rebound
02-Jul-2026

Sri Lanka has regained upper-middle income status just three years after a severe economic crisis brought the country to the brink of collapse in 2022. The World Bank, in its latest income classification update released yesterday reclassified Sri Lanka from the lower-middle-income category after the economy expanded by 5 percent in 2025, supported by a broad-based recovery across industries and growth in tourism and financial services.

News Source:- https://www.newindianexpress.com/business/2026/Jul/02/world-bank-reclassifies-sri-lanka-as-upper-middle-income-country-after-economic-rebound
 
 
 

Notes:
1. Copyright and ownership of all content from IMC and other IMC sites belongs to IMC except third-party resources
2. Copyright, intellectual property right, ownership or responsibility of error of other content belong to respective sources
3. Please do not reply to this mail

For suggestions and feedback click here.

Disclaimer:
IMC is not responsible for any kind of loss arising due to the information. You are receiving this newsletter because you have subscribed to this service. To unsubscribe click here.
Head Office : IMC Bldg., IMC Marg, Churchgate, Mumbai - 400 020 India  |   Tel : 91-22-22046633  |   Fax : 91-22-22048508 / 22838281
E-Mail : imc@imcnet.org  |   Website : www.imcnet.org