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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]
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 .
Whoever wins the election will have to ensure Sri Lanka gets its economy on a sustainable and inclusive growth path, reassure local and international markets, attract investors and help a quarter of t
What are the big issues? Sri Lanka’s economy is the key issue in the election. Under Wickremesinghe, important economic figures have improved: Inflation dropped below 5% from 70% in 2022, interest rates were lowered, and foreign reserves grew. A 2% growth is predicted for 2024, the highest since the economic collapse, but financial benefits ...
The Department of Immigration and Emigration issues a notice granting 14 days, starting from 23 February, for Russian and Ukrainian tourists living long-term in Sri Lanka to leave the country. Many of these tourists had been residing in Sri Lanka on periodic extensions of their tourist visas since the Russian invasion of Ukraine in February 2022.
On the contentious issue of Chinese vessels docking in Sri Lankan ports, Mr Dissanayake reaffirmed his country’s policy of prioritising India’s security interests, a position described as a ...
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.
President of France Emmanuel Macron visits Sri Lanka during a series of visits to the South Pacific Region. It is the first instance in history where a French president has visited the country. [81] The Ministry of Sports and Youth Affairs suspends the registration of the Sri Lanka Karate-Do Federation with a Special Gazette notification. [82]