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The Sri Lankan economic crisis [8] is an ongoing crisis in Sri Lanka that started in 2019. [9] It is the country's worst economic crisis since its independence in 1948. [9] It has led to unprecedented levels of inflation, near-depletion of foreign exchange reserves, shortages of medical supplies, and an increase in prices of basic commodities. [10]
In 2022, as protests began growing in Sri Lanka, Jaliya Wickramasuriya, former Sri Lankan ambassador to the United States and Mexico, and a cousin of the Rajapaksa brothers, pleaded guilty in U.S. District Court for defrauding $332,027 from the Sri Lankan government during the purchase of a new embassy building in 2013.
In the past four years, the share of people living below the poverty line in Sri Lanka has risen to 25.9 per cent. The World Bank forecasts the economy to grow by just 2.2 per cent in 2024.
Gotabaya Rajapaksa, a Sri Lankan politician and former military officer who served as the 8th president of Sri Lanka from 2019 to 2022, initiated a self-imposed exile on 13 July 2022, following widespread protests led by civilians demanding his resignation, triggered by extensive discontent over his handling of the country's economic crisis.
Pages in category "Social issues in Sri Lanka" This category contains only the following page. This list may not reflect recent changes. P. Prostitution in Sri Lanka
1 January – The "Clean Sri Lanka" national initiative commences under the patronage of President Anura Kumara Dissanayake. [1]16 January – The government announces an agreement with Chinese state oil company Sinopec valued at $3.7 billion to construct a "state-of-the-art oil refinery" with a capacity of 200,000 barrels in Hambantota.
GCash's parent company, Mynt, made history as the Philippine's first double unicorn when it announced that it raised $300M in funding last November 2021 at a $2B valuation. [ 12 ] [ 13 ] [ 14 ] In an effort to further increase its footprint, GCash Jr., designed for users aged 7 to 17, was launched in 2022.
At the Commonwealth Heads of Government Meeting 2007 in Kampala, Uganda, Commonwealth leaders agreed on Sri Lanka as the host for the 2011 meeting. [15] However, during the final stages of the Sri Lankan civil war the government was accused of committing war crimes, and hence at the Commonwealth Heads of Government Meeting 2009 in Port of Spain, Trinidad and Tobago it was decided that the 2011 ...