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High income inequality/disparity and increased poverty have contributed to the prevalent corruption culture in Sri Lanka. Corruption has always been a hot topic in Sri Lanka and has been a root cause of Sri Lanka's worsening economic situation since 2019. [9] Corruption was among many issues which provoked the 2022 nationwide protests. These ...
This article has multiple issues. ... Books, Maps: Number of employees. 500: Website: www.sarasavi.lk: Sarasavi Bookshop (Pvt) Ltd is a bookstore chain in Sri Lanka.
Sri Lankans have elected Anura Kumara Dissanayake as the country's new president, giving the Marxist-leaning politician a key role in deciding the future of reforms in the debt-ridden nation that ...
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
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 been struggling with an economic crisis since declaring bankruptcy in April 2022 with more than $83 billion in debt, more than half of it to foreign creditors. The IMF agreed last ...
[17] [18] Sri Lanka's credit was also downgraded as a result of the crisis, [19] [20] while the United States and Japanese governments froze more than a billion US dollars worth of development aid. November saw industrial activity in Sri Lanka slow as a result of the crisis, falling 3.7% from October to November, the largest seen since it began ...
Debt-stricken Sri Lanka, which declared bankruptcy last year, is showing signs of economic improvement but its recovery still faces challenges, the International Monetary Fund said Friday. The ...