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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.

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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).