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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 installed electrical capacity and production of Sri Lanka by sources, from 2000 to 2018. Sri Lanka's electricity demand is currently met by nine thermal power stations, fifteen large hydroelectric power stations, and fifteen wind farms, with a smaller share from small hydro facilities and other renewables such as solar.
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 ...
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]
1,900 kg (4,200 lb) The Vega EVX is an all-electric battery-powered two-seater AWD sports car developed by Sri Lankan automobile manufacturer Vega Innovations and is planned to enter production in 2022. [1] This car is the first sports car to be manufactured in Sri Lanka and the first all electric sportscar to be manufactured in South Asia.
The Sri Lankan Rupee (Sinhala: රුපියල්, Tamil: ரூபாய்; symbol: රු (plural) in English, රු in Sinhala, ௹ in Tamil; ISO code: LKR) is the currency of Sri Lanka. It is subdivided into 100 cents (Sinhala: සත, Tamil: சதம்), but cents are rarely seen in circulation due to its low value. It is issued by ...