Search results
Results From The WOW.Com Content Network
Sri Lanka is expecting a budget deficit of 9.4% of GDP in 2021 after the nominal output for the year was revised down following a Coronavirus pandemic in 2020. [123] A budget submitted to parliament originally expected a deficit of 8.9% in 2021 with a Coronavirus pandemic slowing growth, compounded by tax cuts. [ 124 ]
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 Ministry of Finance, Economic Stabilization and National Policies [2] (Sinhala: මුදල්, ආර්ථික ස්ථායිකරණ සහ ...
Sri Lanka and its bondholders had inked a preliminary deal to restructure $12.5 billion in debt on Thursday, after months of delay and objections from the IMF and official lenders to a previous deal.
COLOMBO (Reuters) -Sri Lanka will enter into an agreement with the World Bank for $500 million in budgetary support after the cabinet approved it on Tuesday, the biggest funding tranche for the ...
A four-year, $2.9 billion IMF bailout, secured in March 2023, has helped Sri Lanka boost reserves, stem a fall in its currency and tame runaway inflation. It also set the groundwork for debt ...
28 July. Sri Lanka has surpassed 300,000 total cases of COVID-19 with 1,300 new infections. [151] Total number of COVID-19 deaths in Sri Lanka exceeds 4300 with 66 confirmed deaths. [152] The world's largest cluster of star sapphires with 510 kg has been unearthed from Ratnapura, Sri Lanka.
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]