Sri Lanka, an island nation of nearly 22 million people, was once an economic hope, with a highly educated populace, a solid middle class and median income among the highest in South Asia. Now many people are living on the edge, unable to buy even the basics. 斯里兰卡是一个人口近2200万...
SRI LANKA Sri Lanka's central bank has laid out the extent of the country's worst economic crisis in more than 70 years. In its annual report, the bank outlined how last year wages failed to keep up with the soaring cost of everything from food to fuel. "Several inherent weaknesses" a...
COLOMBO, March 13 (Xinhua) -- An all-party conference in Sri Lanka will be held on March 23 to discuss the current economic situation in the South Asian country, said local media reports on Sunday quoting the presidential secretariat. The conference will be presided over by President Gotabaya ...
How did Sri Lanka get here? Critics say the roots of the crisis, the worst in several decades, lie in economic mismanagement by successive governments that created and sustained a twin deficit – a budget shortfall alongside a current account deficit. Twin deficits signal that a country’s nati...
#SriLankaEconomicCrisis| Central bank governor Nandalal Weerasinghe said he needed Sri Lankans abroad to “support the country at this crucial juncture by donating much needed foreign exchange”.https://t.co/3A69zjsaZt — Hindustan Times (@htTweets)April 13, 2022 ...
The economic future of Sri Lanka remains uncertain, as the country navigates debt restructuring negotiations with private creditors and implements structural reforms to boost growth potential, according to the World Bank’s latest Global Economic Prospec
There are several reasons for this crisis and the economic turmoil has sparked mass protests and violence across the country. This visual breaks down some of the elements that led to Sri Lanka’s current situation. A Timeline of Events
Prime Minister Mahinda Rajapaksa says that though all the parties represented in Parliament were urged to come forward to help resolve the current economic crisis in the country, no one has come forward.
Also on Thursday night, Secretary to the Ministry of Finance Mahinda Siriwardana gave a presentation to the parliamentarians on the short and medium-term strategies of the government to overcome the current economic crisis. Sri Lanka is facing the most serious economic crisis since its independence...
The U.S. Ambassador to Sri Lanka, Julie Chung, also participated in this discussion. Representing the NPP were MP Vijitha Herath, Wasantha Samarasinghe, and Dr. Nalinda Jayatissa. The two sides focused on Sri Lanka’s economic situation, the intervention of the International Monetary Fund (IMF...