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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 International Monetary Fund executive board approved the release of the second tranche of a $2.9 billion dollar bailout package to help Sri Lanka recover from the worst economic crisis in its ...
In 2009, the brothers oversaw a ruthless government offensive against the separatist Tamil Tigers that ended Sri Lanka’s 26-year civil war but that rights groups say involved war crimes.
Port City Colombo, ( Sinhala: කොළඹ වරාය නගරය, romanised: Koḷam̆ba Warāya Nagaraya) is a multi-service special economic zone located in Colombo, Sri Lanka, which is currently under construction on reclaimed land adjacent to the Galle Face Green. The land reclamation work had been completed as of January 2019. In 2017 ...
Sri Lanka is still reeling from its worst economic crisis, which hit the island nation two years ago. The country declared bankruptcy in 2022 with more than $83 billion in debt, more than half of ...
Daily News (Sri Lanka) Daily News. (Sri Lanka) The Daily News is an English-language newspaper in Sri Lanka. It is now published by the Associated Newspapers of Ceylon Limited (Lake House), a government-owned corporation. The newspaper commenced publishing on 3 January 1918. [1]
Sri Lanka has approved a new law backed by the International Monetary Fund (IMF) allowing the state to seize any proceeds from criminal activities, a cabinet spokesperson said on Friday. The new ...
According to the local beliefs, the history of Kanniya hot water spring is dated back to the Ravana era and the first written references to a hot water spring near to Gokarna bay (Trincomalee) is said to be found in the epic Ramayana. [citation needed] See also. List of hot springs in the world; Hinduism in Sri Lanka; Buddhism in Sri Lanka; Kinniya