The Institute of Policy Studies (IPS) has provided inputs to the proposed growth lab in Sri Lanka, which aims to design the country's economic strategy. The lab approach is borrowed from the Growth Lab of Harvard's Kennedy School of Government. The IPS report, titled 'Sri Lanka State of the Economy 2023', highlights the need for a shift from stabilization to growth and criticizes the IMF's insistence on further tightening monetary policy. The report also emphasizes the importance of building cross-party consensus and making exports more competitive globally. The government is urged to eliminate corruption, observe the rule of law, and conduct free and fair elections to restore economic confidence. The report warns of the risks of stalling policy reforms and the need for continued sustenance in economic recovery. It also highlights the challenges faced by the country, including high poverty rates, worsening income distribution, and increasing unemployment. The IPS report provides a foundation for policymakers to prepare a lasting policy strategy for sustained economic growth. [06c15e32]