IMF upgrades Sri Lanka up to emerging market
Sri Lanka has been taken off a list of the poorest countries and promoted to emerging market status, its central bank said on Thursday. The upgrade, by the International Monetary Fund (IMF), was a result of strong growth which will see GDP revert to pre-crisis levels this year, its central bank said on Thursday.
The country, which was previously on the list of poverty reduction and growth trust countries, had secured the upgrade to middle-income emerging market by making key improvements in GDP
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