Central Bank of Sri Lanka - Annual Report 2008

Sri Lanka's economy demonstrated its resilience by recording growth of 6% in 2008 amid unprecedented and unfavourable developments globally and domestically, the country's central bank's latest Annual Report notes.

The report also states that Sri Lanka also suffered from sudden withdrawals of capital flows from emerging markets and that the country had to supply almost 50% of its external official reserves. As a result, the accumulated balance of payments surplus of $515m held at the end of July

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