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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]
Sri Lanka was much more harshly affected by the food crisis as it was already facing mass man-made crop failures due to a total ban on chemical fertilizer by President Gotabaya Rajapaksa, resulting in rice production in Sri Lanka falling by 40–50%, while other crops also suffered large losses with some even reaching 70% loss even before it ...
Sri Lanka's prime minister has warned of a food shortage as the island nation battles a devastating economic crisis and vowed the government will buy enough fertiliser for the next planting season ...
Sri Lanka's economic crisis was further accelerated by global impacts including the global recession caused by the start of the COVID-19 pandemic in 2020, and the food and energy shortage and price hike following Russia's invasion of Ukraine in early 2022.
The principal of the Ganthalawa school in the rural village of Kanthale, Sri Lanka, received an unusual request from a female student—she wanted to change her class because her classmate had ...
Rampant food inflation and chronic shortages of cooking gas and petrol are making daily life a battle for millions in the midst of Sri Lanka's worst economic crisis since independence from Britain ...
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%. [41] Though there is a competitive export agricultural sector, technological advances have been slow to enter the protected domestic sector. [42]
Thousands of people queued for cooking gas and petrol in Sri Lanka's commercial capital on Friday and Prime Minister Ranil Wickremesinghe warned of a food shortage as the island nation battles a ...