📈 SL Economy & Banking Vision 2030: Digitalization & Export Competitiveness

• The Sri Lankan economy is moving from stabilisation into a "brittle but very real recovery," nearing a second full year of positive GDP growth, with foreign reserves on track to reach US$ 6.5 - 7 billion. • Worker remittances have been a key driver, showing a powerful 20% Year-on-Year increase, nearing US$ 6.5 billion by October 2025. • Vision 2030 Digital Goals: The national target is to grow the digital economy to 12% of GDP. • This requires expanding ICT export revenues from the current US$ 1.2 Bn to US$ 5 Bn by 2030. • The tech talent pool must grow from 85,000 to 200,000 professionals. • Cost of Cash: Sri Lanka remains heavily cash-dependent, with an estimated 1.5% of GDP spent annually just to print, move, and secure notes and coins (almost equal to combined education spend). • Role of DPI: Investments in Digital Public Infrastructure like the Sri Lanka Unique Digital Identity (SL-UDI) and Secure Transaction Registries (STR) are vital to reduce fraud, free up capital, and give banks greater confidence to lend to SMEs and agripreneurs. • Banks must align with national goals, focusing on a value-centric approach to capture remittance flows via formal channels and channeling capital towards productivity, exports, and sustainability financing (renewables, local manufacturing).