Search results
Results from the WOW.Com Content Network
About 17 million of Sri Lanka's 22 million people are eligible to vote in the first election since protests against the economic hardships in 2022 forced then president Gotabaya Rajapaksa to flee ...
Sri Lanka’s prime minister says the island nation’s debt-laden economy has “collapsed” as it runs out of money to pay for food and fuel. Short of cash to pay for imports of such ...
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]
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
Sri Lanka has been grappling with significant economic challenges, including high levels of external debt and a strained fiscal situation. The COVID-19 pandemic further exacerbated these issues, leading to reduced revenues, increased borrowing, and a decline in foreign exchange reserves. As a result, the government has been facing difficulties ...
The mixed economy of Sri Lanka was worth 27.60 LKR trillion ($84 billion) by gross domestic product (GDP) in 2023 [32] and $318 billion by purchasing power parity (PPP). [33] The country had experienced an annual growth of 6.4 percent from 2003 to 2012, well above its regional peers.
Sugeeswara Senadhira, a former Sri Lankan diplomat, wrote in Sapan News that young candidates were campaigning on the planks of anti-corruption, transparency, and economic reform and challenging ...
The court order was issued on the basis of a case filed by political activist Keerthi Tennakoon against Cabraal regarding misappropriation and misuse of public funds which led to the massive economic crisis in Sri Lanka. [412] Basil Rajapaksa tested positive for COVID-19 on 16 April 2022 and was hospitalised for treatment.