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World Bank predicts 5.1% GDP growth in Sri Lanka, notes concern on public debt

The World Bank predicted a 5.1% growth in Sri Lanka’s GDP in its Global Economic Prospects reforms report.

The report, published on Monday, went on to outline concerns about high public debt in South Asia drawing on examples of Sri Lanka and Pakistan.

The World Bank analysis noted unexplained rising levels Foreign Direct Investment (FDI) in Sri Lanka.

Earlier this year Bloomberg ranked Sri Lanka among the world’s highest risk countries for investment based in 29 indicators which included political and economic factors.

See full report here.