Sri Lankan Finance Minister Ali Sabry resigned on Tuesday, less than 24 hours after his appointment on Monday. Dr. Srimal Fernando, an academic specialist in international relations and an adviser on new regional diplomacy, says the economic crisis in the country is a big concern....
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One of the main causes of the economic crisis in Sri Lanka is the reliance onimportsand the amount spent on them. Let’s take a look at the numbers: 2021 total imports = $20.6 billion USD 2022 total imports (to March) = $5.7 billion USD ...
Lanka Premier League (LPL). Image-srilankacricket.lk The Lanka Premier League 2022 was on Sunday postponed indefinitely owing to the ongoing economic crisis inSri Lanka. Initially, the third edition of the LPL was scheduled to begin on August 1 and conclude by August 21. Discover Related Searc...
In 2022 Sri Lanka faced the worst ever economic crisis in its post-independent history. The crisis led to a mass political upheaval, bringing thousands of masses into the streets that resulted in the ouster of former President Gotabhaya Rajapakse. The period following the ouster saw an intense ...
COLOMBO, June 8 (Xinhua) -- Sri Lankan Prime Minister Ranil Wickremesinghe discussed with Managing Director of the International Monetary Fund Kristalina Georgieva over the country's economic crisis, the prime minister's office said in a statement Wednesday. The discussions, held on Tuesday, came...
Understanding the economic crisis The Sri Lankan economic crisis has caused social unrest among its citizens, who gather outside the President’s office in Colombo on April 17, 2022. Source: Ishara S. Kodikara/AFP Many factors contributed to the economic crisis. According to experts, the crisis...
Flamingos are seen at Dehiwala Zoological Garden in Colombo, Sri Lanka, June 5, 2022. Sri Lanka's Department of Zoology has informed the Wildlife Ministry that it has run out of funds to provide daily food to animals in zoos amid the ongoing economic crisis, local media reported on Thursday...
Fitch Ratings yesterday downgraded the state-owned Sri Lanka Insurance Corporation's (SLIC) Insurer Financial Strength (IFS) Rating to 'CC', from 'CCC+', and has placed the rating on Rating Watch Negative (RWN). SLIC's National IFS Rating of 'AA...
“Huge responsibility” delays Sri Lanka’s SOE restructuring: State FinMin Sri Lanka has committed to SOE restructuring in return for IMF loan after debt default July 19, 2024 3 min read Sri Lanka announces Rs13bn financial aid package to boost MSMEs The subsidized loans at 7 and 8 perc...