Search results
Results From The WOW.Com Content Network
The 2022 Sri Lankan protests, commonly known as Aragalaya (Sinhala: අරගලය, lit. 'The Struggle'), were a series of mass protests that began in March 2022 against the government of Sri Lanka. The government was heavily criticized for mismanaging the Sri Lankan economy, which led to a subsequent economic crisis involving severe inflation ...
Ranil Wickremesinghe is elected as the President by the Parliament on 20 July. 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 ...
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]
Sri Lanka declared the country was suspending payment on most foreign debt from April 12, 2022, kindling the Indian Ocean island's first sovereign default event and ending an unblemished record of repaying external debt despite experiencing milder currency crises in the past. [3][4] By April Sri Lanka was suffering the worst monetary crisis in ...
The National People's Power (NPP) or Jathika Jana Balawegaya (JJB) is a socialist political alliance in Sri Lanka. It was established in 2019 [1] by Anura Kumara Dissanayake, leader of the Janatha Vimukthi Peramuna who was later elected president in the 2024 presidential election with 42.31% of the preferential votes. [8][9][10]
Services accounted for 58.2% of Sri Lanka's economy in 2019 up from 54.6% in 2010, industry 27.4% up from 26.4% a decade earlier and agriculture 7.4%. [42] Though there is a competitive export agricultural sector, technological advances have been slow to enter the protected domestic sector. [43]
The Central Bank of Sri Lanka (abbr.CBSL; Sinhala: ශ්රී ලංකා මහ බැංකුව, romanized:Sri Lanka Maha Bankuwa) is the monetary authority of Sri Lanka. It was established in 1950 under the Monetary Law Act No.58 of 1949 (MLA) and in terms of the Central Bank of Sri Lanka Act No. 16 of 2023, the CBSL is a body ...
2 April – 2022 Sri Lankan protests: A 36-hour island-wide curfew is imposed at 6:00pm, and lasted until 6:00am on Monday, 4 April, to avoid further protests. [61][62] 3 April – 2022 Sri Lankan political crisis: All 26 cabinet ministers resign en masse except for Prime Minister Mahinda Rajapaksa.