Cricket managed to provide a temporary boost to Sri Lanka’s struggling economy, which has been grappling with post-COVID shortages and high inflation. The economic crisis has also led to political turmoil in the country. Tourism, a major industry, suffered a severe blow, causing many small businesses to collapse. However, Sri Lanka recently received the first part of its IMF bailout package, offering some relief.

The Asia Cup cricket tournament was partially relocated to Sri Lanka after India declined to send its team across the border to the host Pakistan due to longstanding political conflict between the two neighbors. Sri Lanka hosted seven out of the 11 matches, including two highly anticipated India-Pakistan matches and the final.

Local businesses seized the opportunity. Entrepreneurs like have manufactured replica team shirts and caps, which sold out during matches. For many, this boosted their income during challenging times.

Transporters such as tuk-tuk (three-wheel taxi) drivers, noted that while their family struggled day to day, cricket fans in Colombo for the tournament have provided a much-needed economic boost.

Hotel staff have reported full occupancy, especially on the eve of India’s matches against Pakistan. The presence of the tournament has brought some relief to those dependent on daily wages.

The tournament’s impact goes beyond the economic aspect. It has lifted spirits in Sri Lanka, providing a welcome distraction from the hardships faced over the past two years. Additionally, cricket has helped keep some children in school, as scholarships have been offered to key members of school cricket teams.

In the final, host nation Sri Lanka faced India, further adding to the excitement and economic activity surrounding the tournament.