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Ranil Wickremesinghe is elected as the President by the Parliament on 20 July. 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 ...
COLOMBO (Reuters) -The International Monetary Fund and Sri Lanka have reached a staff-level agreement on economic policies to conclude the second review of a four-year bailout programme, the ...
Sri Lanka will consult with the International Monetary Fund (IMF) to assess if the latest proposals discussed with bondholders were within the parameters of its bailout programme, the country's ...
t. e. An indirect presidential election was held in the Parliament of Sri Lanka on 20 July 2022 following the resignation of former president Gotabaya Rajapaksa on 14 July. The president of Sri Lanka was elected by the Parliament of Sri Lanka in a secret ballot to decide who would complete the remainder of Gotabaya Rajapaksa's term.
March 20, 2024 at 5:20 PM. (Reuters) - Global investors and Sri Lankan officials expect to start negotiations aimed at restructuring $12 billion in defaulted global bonds next week, Bloomberg News ...
The 2022 Sri Lankan protests, commonly known as Aragalaya ( Sinhala: අරගලය, lit. 'The Struggle'), were a series of mass protests that began in March 2022 against the government of Sri Lanka. The government was heavily criticized for mismanaging the Sri Lankan economy, which led to a subsequent economic crisis involving severe ...
COLOMBO (Reuters) -Sri Lanka's lawmakers on Wednesday passed a bill to regulate online content, the speaker of the parliament announced, a law which opposition politicians and activists allege ...
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]