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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]
Sri Lanka closed schools on Monday as heavy rain triggered floods and mudslides in many parts of the island nation, leaving at least 10 people dead and six others missing, officials said. The ...
Location of Sri Lanka. Environmental issues in Sri Lanka include large-scale logging of forests and degradation of mangroves, coral reefs and soil. Air pollution and water pollution are challenges for Sri Lanka since both cause negative health impacts. Overfishing and insufficient waste management, especially in rural areas, leads to ...
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 deployed troops and increased police patrols around a Jewish community center in a popular surfing town on Wednesday after the U.S. embassy warned American citizens of a possible attack ...
Sri Lanka's police used Tuesday tear gas and water cannons to disperse an opposition protest in the island nation facing its worst economic crisis while gearing up for a national election later ...
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%. [41] Though there is a competitive export agricultural sector, technological advances have been slow to enter the protected domestic sector. [42]
By 2022, Sri Lanka had to repay about $6 billion in foreign debt every year, amounting to about 9.2% of gross domestic product. The agreement would enable Sri Lanka to maintain debt payments at ...