Sri Lanka to grow 3.5% in 2025 despite tariff headwinds, says World Bank

COLOMBO: Sri Lanka is on track to achieve growth of 3.5% this year, the World Bank said in its latest report on Wednesday, notwithstanding challenges from hefty US tariffs and an ongoing financial crisis recovery.

Pakistan’s poverty rate to stand at 42.4%: World Bank

The island nation rebounding from a deep financial crisis sparked by a record dollar shortfall three years ago, posted a 5% growth last year, aided by a $2.9 billion program from the International Monetary Fund (IMF).