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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 ...
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 ...
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 .
[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 ...
Sri Lankans will vote on Saturday for their next president, who will be key to deciding the future of reforms in a nation slowly emerging from worst financial crisis in decades. A critical ...
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 ...
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In 1995 a Divisional Council was created for Biyagama which had previously been governed by the Board of Investment of Sri Lanka. [8] In 1997 Moratuwa and Sri Jayawardenapura Kotte Urban Councils were promoted to Municipal Councils. [8] As of 199 there were 309 local authorities (14 MC, 37 UC, 258 DC). All parts of Sri Lanka are governed by ...