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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 opinion across the board is that Sri Lanka is now past the peak of its crisis – and it’s time for tourists to return. And they are. Sri Lanka is hoping to welcome 1.5 million visitors by ...
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 .
Sri Lanka is separated from the mainland portion of the Indian subcontinent by the Gulf of Mannar and Palk Strait. According to Hindu mythology, a land bridge existed between the Indian mainland and Sri Lanka. It now amounts to only a chain of limestone shoals remaining above sea level. [171]
COLOMBO (Reuters) -The second review of Sri Lanka's $2.9 billion bailout with the IMF could be completed in the first half of 2024, provided it manages to meet debt restructuring and revenue ...
Gotabaya Rajapaksa, a Sri Lankan politician and former military officer who served as the 8th president of Sri Lanka from 2019 to 2022, initiated a self-imposed exile on 13 July 2022, following widespread protests led by civilians demanding his resignation, triggered by extensive discontent over his handling of the country's economic crisis.
There’s a superb balance between true escapism and touches of home in the ‘teardrop of India’, finds Emma Cooke – and after a tumultuous chapter, holidaymakers are being welcomed with open ...
After the cancer returned five years ago, an oncologist in Sri Lanka's commercial capital Colombo started her on Bevacizumab last May, a treatment she was responding to. White, a 58-year-old Sri ...