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Left-leaning politician Anura Kumara Dissanayake has been elected as Sri Lanka’s next president after he won the debt-ridden country’s first election since its economy collapsed in 2022. The ...
At that time, Sri Lanka's foreign currency reserves had dried up, leaving the country unable to import essentials such as fuel. Public debt had ballooned to $83bn while inflation zoomed to 70%.
Website. S&P SL20. The S&P SL20, or the Standard & Poor's Sri Lanka 20, is a stock market index, based on market capitalization, that follows the performance of 20 leading publicly traded companies listed in the Colombo Stock Exchange. The 20 companies that make up the index is determined by Standard & Poor's global index methodology, according ...
Buttressed by a $2.9 billion bailout programme from the International Monetary Fund (IMF), Sri Lanka's economy has posted a tentative recovery but high cost of living remains a core issue for many ...
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]
The court order was issued on the basis of a case filed by political activist Keerthi Tennakoon against Cabraal regarding misappropriation and misuse of public funds which led to the massive economic crisis in Sri Lanka. [412] Basil Rajapaksa tested positive for COVID-19 on 16 April 2022 and was hospitalised for treatment.
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 ...
On behalf of GOSL, the CBSL, as its agent, is responsible for four agency functions, viz. management of the Employees Provident Fund; management of the public debt of Sri Lanka; administration of the provisions of the Exchange Control Act; and administration of foreign and government-funded credit schemes for regional development. [3]