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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]
t. e. Foreign relations of Sri Lanka refers to the diplomatic and commercial relations between Sri Lanka and other countries. Sri Lanka has stressed its principle of "friendship towards all, enmity towards none" in its diplomacy. Sri Lanka since the 1950s has followed a non-aligned foreign policy and does not take sides with major powers. [1]
The Governor of the Central Bank of Sri Lanka (CBSL) functions as the chief executive of the Sri Lankan central bank. The post is the ex-officio chairperson of the Monetary Board of Central Bank of Sri Lanka. Since its establishment in 1950, the CBSL has been headed by sixteen governors. The governor has two deputies and several assistant ...
Protesters in Sri Lanka, where an economic crisis has upended people’s daily lives, were angry but not sorry to learn that President Gotabaya Rajapaksa had fled the country on Wednesday.
(Reuters) - Global investors and Sri Lankan officials expect to start negotiations aimed at restructuring $12 billion in defaulted global bonds next week, Bloomberg News reported on Thursday.
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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 ...
May 11, 2024 at 1:36 PM. By Camillus Eboh. ABUJA (Reuters) - Prince Harry spoke in Nigeria on Saturday of the tragic loss of the "brave souls" in the country's military who had lost their lives in ...