The World Bank says the government policy statements have indicated the appetite to implement much needed reforms in the areas of fiscal operations, competitiveness and governance. The World Bank points out if those policy reforms are implemented successfully, while paying attention to the related policy trade-offs, the government will be able to uplift the country into the Upper Middle Income state in the medium term. This has been mentioned in the latest report issued by the World Bank on developments in Sri Lanka. The mid year report has considered the country's economic situation and its expectations.

The government's decision to rectify financial reforms and implementation of new initiatives by the international monetary fund have helped to develop a short term stability in the Sri Lankan economy. According to the report growth of Sri Lanka's gross domestic production will be 5 percent this year.