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. (Xinhua/Tang Lu)
ECONOMYNEXT – Changing governments or forming a national government is not the need of the hour and Sri Lanka’s political parties must instead work on building a national consensus towards a permanent solution to the country’s economic woes, former prime minister and sole MP of the opposition...
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 ...
That opened the door to Dissanayake whose political stock has risen dramatically in the two years since the economic crisis, as his National People’s Power alliance pledged to bring about change that the Aragalaya - Sinhala term for 'struggle' - movement had clamoured for. The Sr...
The discussions, held on Tuesday, came as Sri Lanka has decided to seek IMF assistance to face the ongoing crisis and restructure its foreign debts after the government suspended all the external debt repayments on April 12. The prime minister's office said the IMF managing director pledged sup...
COLOMBO, Sri Lanka (AP) — The economic situation in debt-stricken Sri Lanka has started to gradually improve following its worst economic crisis two years ago, the International Monetary Fund said Thursday. Inflation has come down from a peak of 70% in 2022 to 5.9% la...
Sri Lanka economic crisis: former PM wants national consensus, not change in govt See more Why are opposition parties so hesitant to take action? “That is the dilemma. It’s a paradoxical situation in Sri Lanka. Also, why aren’t the trade unions on the streets? The w...
Live: Latest on Sri Lanka's crisis – President Gotabaya Rajapaksa to resign on July 13Updated 12:09, 10-Jul-2022 Colombo, Sri Lanka Share Error loading player: No playable sources found Sri Lankan President Gotabaya Rajapaksa agrees to resign on Wednesday, July 13. He has been shifted to ...
The Lanka Premier League 2022 was on Sunday postponed indefinitely owing to the ongoing economic crisis in Sri Lanka. Initially, the third edition of the LPL was scheduled to begin on August 1 and conclude by August 21.
ECONOMYNEXT – Sri Lanka’s Prime Minister Mahinda Rajapaksa is to make a statement on an ongoing economic crisis triggered by money printed to keep interest rates low under ‘flexible inflation targeting’. Rajapaksa will speak at 7.30pm in a national address. The current one is the third ...