News Today: FDI Increases After Sri Lanka Is Fraud and Corruption Free

Sri Lanka is witnessing a major boost in investor confidence as it emerges as a country free from fraud and corruption. In a recent announcement to Parliament, Industry and Entrepreneurship Development Minister Sunil Handunnetti revealed that Sri Lanka received USD 650 million in Foreign Direct Investment (FDI) during the first quarter of 2025 alone.

This marks a significant improvement compared to USD 724 million for the entire year of 2024 and USD 483 million in 2023. Notably, 64 new FDI projects were approved through the Board of Investment (BOI) just in Q1 2025, a strong indication of accelerating investor trust.

The Minister emphasized that these gains reflect a broader perception among global investors that Sri Lanka is now a safe and transparent destination for doing business. The country’s crackdown on corruption and implementation of business-friendly policies appear to be paying off.

With international investors once hesitant due to concerns over governance, the shift in narrative marks a pivotal moment for Sri Lanka’s economy. The surge in FDIs is expected to generate new employment opportunities, infrastructure growth, and economic stability, aligning with the government’s long-term development goals.