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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]
Following the disaster, President Maithripala Sirisena requested the Sri Lanka Armed Forces, Police, and the Disaster Management Centre to provide assistance and relief to the victims. As per the Disaster Management Centre on 20 April 2017, the landslide caused 32 deaths with 8 more missing, and affected a total of 1,765 people. [ 2 ]
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%. [39] Though there is a competitive export agricultural sector, technological advances have been slow to enter the protected domestic sector. [40]
Sri Lanka's debt-laden economy collapses as the island nation runs out of money to pay for food and fuel. What happened?
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 ...
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 ...
A catchment site within the system is referred to as a wewa (වැව) in Sinhala, and this term is translated into English as "tank". [7]These tanks are connected in a series, referred to as a cascade, so that an ephemeral waterflow can be used, stored for future use, or conveyed elsewhere. [7]
The main purposes of carrying out the program were the generation of hydroelectric power, controlling flood, making irrigation facilities for dry zone cultivation, settlement of landless and unemployed families by constructing and developing the physical and social infrastructure required for human habitation by using the waters of the Mahaweli River.