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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 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 crisis in the country. The anti-government sentiment across various parts of Sri ...
(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.
COLOMBO (Reuters) -Sri Lanka on Saturday invited Japan to resume investment in projects including power, roads and ports as the Japanese foreign minister wrapped up the first high-level visit to ...
Sri Lanka, [a] historically known as Ceylon and officially the Democratic Socialist Republic of Sri Lanka, is an island country in South Asia. It lies in the Indian Ocean, southwest of the Bay of Bengal, separated from the Indian peninsula by the Gulf of Mannar and the Palk Strait. It shares a maritime border with the Maldives in the southwest ...
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 ...
Climate change is an important issue in Sri Lanka, and its effects threaten to impact both human and natural systems. Roughly 50 percent of its 22 million citizens live in low-lying coastal areas in the west, south, and south-west of the island, and are at risk of future sea level rise. [1] Climate change also threatens the island's ...
Katchatheevu ( Tamil: கச்சத்தீவு, Tamil pronunciation: [kəttʃət̪t̪iːʋʉ]) [a] is an uninhabited island in Sri Lanka. The island was governed by British Ceylon (now Sri Lanka) from 1921. [3] Though the Indian government never controlled it, the island remained disputed until 1974 between India and Sri Lanka when India ...