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Official: Many Aswesuma beneficiaries handicapped without bank accounts

Official: Many Aswesuma beneficiaries handicapped without bank accounts
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Analysis: A Year Later, Sri Lanka's Tentative Economic Recovery Eludes The Poor

Analysis: A Year Later, Sri Lanka's Tentative Economic Recovery Eludes The Poor
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Sri Lanka's problems far from over

Sri Lanka's problems far from over
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Analysis-A year later, Sri Lanka's tentative economic recovery eludes the poor

A year after angry Sri Lankans stormed the president's residence and forced his ouster during a meltdown of the economy, the island's streets are calm, there are no serpentine queues at fuel stations and hours-long power cuts have ended. The central bank expects the economy to resume growth this quarter after six quarters of contraction - faster than expected by many economists - while overseas remittances are surging and tourist numbers are rising. "Stability is somewhat there but what it means is no extreme shortages, no fuel queues, and no 13-hour power cuts," said Rehana Thowfeek, an economist at the Colombo-based Advocata Institute think tank.

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A year later, Sri Lanka's tentative economic recovery eludes the poor

A year after angry Sri Lankans stormed the president s residence and forced his ouster during a meltdown of the economy, the island s streets are calm, there are no serpentine queues at fuel stations.

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