Search results
Results from the WOW.Com Content Network
The Sri Lankan economic crisis [8] is a 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]
Atlantic Council GeoEconomics Director Josh Lipsky joins Yahoo Finance Live to discuss what led to recent protests and the economic collapse in Sri Lanka as well as what it means for other ...
Sri Lanka's new president won the election decisively, but his toughest task still lies ahead as he seeks to balance promises to aid the nation's poor against the need to keep crucial supplies of ...
Sri Lanka is a part of a constituency with Bangladesh, Bhutan, and India. The representative of this constituency on the IMF executive board is Surjit Singh Bhalla. This constituency has 3.05% of the total voting power of the IMF. Individually, Sri Lanka has 7,247 total votes, or .15% [clarification needed] of the total voting power of the IMF. [4]
The Department of Immigration and Emigration issues a notice granting 14 days, starting from 23 February, for Russian and Ukrainian tourists living long-term in Sri Lanka to leave the country. Many of these tourists had been residing in Sri Lanka on periodic extensions of their tourist visas since the Russian invasion of Ukraine in February 2022.
Sajith Premadasa, the opposition leader and leader of SJB party denounced the passing of the bill stating that the "sovereignty of Sri Lanka cannot be compromised by the external forces". [10] [11] International media such as BBC alleged that China is using COVID-19 as an opportunity to influence power in neighbouring countries like Sri Lanka. [12]
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 has seen external instability from around late 2014 suffering two currency crises and low growth with the rupee falling from 131 to 182 to the US dollar by 2018. [6] Foreign debt rose from 30% of gross domestic product in 2014 to 41.3% in 2019 while total debt went up from 76% to 86% as growth slowed amid [ 7 ] Sovereign bond ...