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Governor P. Nandalal Weerasinghe, in remarks at a discussion on the budget, said the situation in the island nation was stable but at a very low point. Sri Lanka must implement budget proposals to ...
The budget is also expected to include measures aimed at helping Sri Lanka restructure its debt as it tries to finalise a $2.9 billion bailout from the International Monetary Fund. Sri Lanka's new ...
Crisis-hit Sri Lanka unveiled fresh measures on Tuesday in an interim budget aimed at clinching a bailout package from the International Monetary Fund, talks for which, the president said, had ...
The bill is widely criticised by human rights groups, journalists and opposition politicians as a means of stifling freedom of speech in Sri Lanka. [ 12 ] [ 13 ] [ 14 ] 25 January – Sri Lankan women's cricketer Chamari Athapaththu wins the ICC Women's ODI Cricketer of the Year award at the ICC Awards .
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]
According to the Constitution of Sri Lanka, the term of the Parliament is 5 years. However, under Article 70 of the Constitution and Section 10 of the Parliamentary Elections Act, No. 1 of 1981, the President of Sri Lanka may dissolve parliament after two years and six months from its first sitting or upon receiving a resolution from parliament ...
COLOMBO (Reuters) -The crisis-hit Sri Lankan economy can turn around by the end of 2023 if budget policies, which are not limited to the International Monetary Fund's recommendations, are followed ...
In 2015, following the parliamentary election, the two major parties of Sri Lanka (the United National Party and Sri Lanka Freedom Party) signed a memorandum of understanding to form a national unity government, in an attempt to address and rectify major unresolved issues following the end of the country's 26-year long ethnic conflict.