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The Sri Lankan economic crisis [8] is a 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]
The 2022 Sri Lankan political crisis was a political crisis in Sri Lanka due to the power struggle between President Gotabaya Rajapaksa and the people of Sri Lanka. It was fueled by the anti-government protests and demonstrations by the public due to the economic crisis in the country .
COLOMBO, Sri Lanka — Protesters in Sri Lanka, where a devastating economic crisis has upended people’s daily lives, were angry but not sorry to learn the man they blame for their troubles ...
Sri Lanka has seen external instability from around late 2014 suffering two currency crises and low growth with the rupee falling from 131 to 182 to the US dollar by 2018. [6] Foreign debt rose from 30% of gross domestic product in 2014 to 41.3% in 2019 while total debt went up from 76% to 86% as growth slowed amid [ 7 ] Sovereign bond ...
The Supreme Court of Sri Lanka rules that SJB MP Diana Gamage holds no Sri Lankan citizenship, and is thus disqualified from her parliamentary seat. [ 59 ] [ 60 ] The Sri Lanka women's cricket team is selected for the 2024 ICC Women's T20 World Cup after winning the 2024 ICC Women's T20 World Cup Qualifier final against Scotland .
The purpose of the loan scheme was to encourage the local production, regional development and to boost the revenue streams of the small and medium businesses in Sri Lanka, especially with the aim of withstanding foreign competitors and to elevate import substitution strategies in order to expand the Gross Domestic Product and economic growth ...
Kumara Jayakody is a Sri Lankan engineer and politician, currently serving as the Minister of Energy since November 18, 2024. He was appointed following the general election victory of President Anura Kumara Dissanayake's leftist coalition.
On 7 April 2022, the Colombo Magistrate Court issued an order preventing Cabraal from leaving Sri Lanka until 18 April 2022. [35] The court order was issued on the basis of a case filed by political activist Keerthi Tennakoon against Cabraal regarding misappropriation and misuse of public funds which led to a massive economic crisis in Sri ...