Residents gather at a Covid-19 screening point by the side of a road in Colombo on Tuesday.
It hoped the economy would rebound in 2021 and record an optimistic 6% growth on the back of improved local manufacturing and services. It said the central government’s debt also rose to 101% of GDP last year, up from 86.8% of GDP in the previous year, underscoring the debt crisis faced by the South Asian nation.
Two weeks ago, Sri Lanka secured a US$500 million loan from China to shore up its foreign exchange reserves as the local currency came under intense pressure and fell to a record low.
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