Category: Economy

Fastest-Growing, or Fastest-Recovering? The Truth Behind Minister Sarath’s Statements on Sri Lanka’s Economy!

BP HansaniLeave a Comment on Fastest-Growing, or Fastest-Recovering? The Truth Behind Minister Sarath’s Statements on Sri Lanka’s Economy!

Subscribe to our WhatsApp Channel For a country still climbing out of economic collapse, it was a flattering headline: Deputy Minister of Housing, Construction and Water Supply, T.B. Sarath said international bodies including the World Bank had certified Sri Lanka as South Asia’s fastest-growing economy, ahead of India and Pakistan. Mainstream and social media carried […]

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No, USD 808 Million Did Not Go Missing in 2025 — Here Is What the IMF Figure Actually Means

BP HansaniLeave a Comment on No, USD 808 Million Did Not Go Missing in 2025 — Here Is What the IMF Figure Actually Means

Subscribe to our WhatsApp Channel A number can travel a long way once it leaves its original context. This week, posts began circulating claiming the IMF had confirmed that USD 808 million simply went missing from Sri Lanka in 2025, under the NPP government. The figure itself is real and appears in an official IMF […]

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No, Sri Lanka Did Not Repay USD 8.09 Billion to the Global Financial Market in Q1 2026; 93.5% Was Domestic Debt Rolled Over Internally

Pavithra SandamaliLeave a Comment on No, Sri Lanka Did Not Repay USD 8.09 Billion to the Global Financial Market in Q1 2026; 93.5% Was Domestic Debt Rolled Over Internally

Subscribe to our WhatsApp Channel In May 2026, social media posts celebrating the NPP government’s economic management spread widely, claiming that Sri Lanka had made a historic payment of USD 8.09 billion to the global financial market in the first three months of the year. The figure is real. What it represents, however, is not […]

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Central Bank Governor’s Statement on Economic Uncertainty Shared Misleadingly on Social Media

Pavithra SandamaliLeave a Comment on Central Bank Governor’s Statement on Economic Uncertainty Shared Misleadingly on Social Media

Subscribe to our WhatsApp Channel A statement made by the Central Bank Governor at the Finance Committee meeting on May 13th, warning that the country’s economic outlook is uncertain, is now being widely shared across social media and mainstream media outlets. Here is how Fact Crescendo investigated this claim. Social Media Posts: Posts circulated on […]

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False social media posts claim the President and other ministers stole $2.5 million!

SagarikaLeave a Comment on False social media posts claim the President and other ministers stole $2.5 million!

Subscribe to our WhatsApp Channel The alleged cyberattack involving unauthorized access to the computer system of the Ministry of Finance’s Department of Foreign Resources and the reported misappropriation of USD 2.5 million has emerged as a prominent national concern in recent days. Alongside this, a significant volume of related content, much of it unverified and […]

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Can a DSA Agreement with IMF be Renegotiated? 

Fact Crescendo TeamLeave a Comment on Can a DSA Agreement with IMF be Renegotiated? 

Subscribe to our WhatsApp Channel Sri Lanka recently signed a Debt Sustainability Analysis (DSA) agreement under the International Monetary Fund’s (IMF) guidance. As the upcoming elections approach, there has been significant social media discussion about the possibility of renegotiating this agreement. Our investigation delves into whether a DSA agreement can indeed be renegotiated. Social Media […]

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Is Sri Lanka the only country in recent history to have its debt restructured within a two-year period after announcing default status?

Fact Crescendo TeamLeave a Comment on Is Sri Lanka the only country in recent history to have its debt restructured within a two-year period after announcing default status?

In a recent address to the nation, Sri Lankan President Ranil Wickremesinghe hailed the country’s rapid progress in debt restructuring as a truly exceptional feat. He underscored that the transformation from a ‘bankrupt’ state to successful debt restructuring within two years was a remarkable victory that stands out in recent history. The president’s address to […]

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Is Sri Lanka introducing a new imposed rental income tax on all owner-occupied and vacant residential properties from April 2025?

Fact Crescendo TeamLeave a Comment on Is Sri Lanka introducing a new imposed rental income tax on all owner-occupied and vacant residential properties from April 2025?

Subscribe to our WhatsApp Channel After recovering from its most severe economic crisis since gaining independence, Sri Lanka has implemented numerous economic reforms and taxation measures to stabilise its economy. However, during this challenging period, social media has become a breeding ground for misleading posts and misinformation about these reforms. This misinformation has contributed to […]

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