At least half a million people in Sri Lanka lost their jobs in 2022, majority of them being employed women and those in the industry and services sectors, the World Bank claimed.
Sri Lanka is reeling under last year’s crushing economic meltdown and consequent political turmoil, but it is still a good time to invest in the cash-strapped island nation, according to Indian business leaders in capital Colombo.
The European Investment Bank (EIB) has expressed willingness to continue its financial assistance to Sri Lanka even making new fiscal commitments following the outcome of the country’s effort to gain the US$2.9 billion IMF extended Fund Facility.
