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H.J.M Seneviratne, 63, slices through yellowed paddy stems dried out by a drought that has destroyed over 95% of his crop and is threatening crisis-hit Sri Lanka's summer rice harvest. Helped by a ...
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 ...
A year after angry Sri Lankans stormed the president's residence and forced his ouster during a meltdown of the economy, the island's streets are calm, there are no serpentine queues at fuel ...
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]
Sri Lanka & IMF Overview; Country Population: 22.037 million: Date of Membership: 29 August 1950: Latest Article IV/Country Report: 13 June 2024: Special Drawing Rights (SDR): 0.24 million: Quota (SDR): 578.8 million: Number of Arrangements: 17: Outstanding Purchases and Loans (SDR) 1,351.45 million (30 June 2024) Sri Lanka's Resident ...
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 .
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 ...
The bill titled as Colombo Port City Economic Commission Bill is regarded as one of the important legislations to be passed in the Parliament of Sri Lanka as it is related to the Colombo Port City project, which is the biggest foreign investment received by Sri Lanka from China in the country's history. The bill was slated and deemed as ...