Government Eyes Third Year of Current Account Surplus

• CNL Reporter
• May 24, 2025
• Banking and Financial
• Governor Nandalal Weerasinghe
• 0 Comments

Sri Lanka is on track for a third consecutive year of current account surplus, Central Bank Governor Nandalal Weerasinghe announced, crediting prudent monetary policy and relaxed import controls.

The central bank recently cut the mid-corridor rate to 7.25%, maintaining a stance that supports external payments and reserve buildup. Economic Research Director Sujeetha Jegajeevan projected a 0.9% surplus of GDP in 2025.

Despite past financial account deficits due to debt repayments and dried-up foreign financing post-2022 default, the central bank sustained external stability through tight credit and deflationary measures. Officials emphasized that inflationary policies could risk external payment ability and currency stability.