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5 days ago · Sri Lanka news, Sri Lanka economy, Sri Lanka rupee from EconomyNext. Energy. Sri Lanka to reduce CEB cadres gradually from 26,000 with restructure. Already the government has not fulfilled 4,000 CEB cadre positions arose from retirements. 2 min read. Polls. One million new voters in Sri Lanka’s 2024 presidential poll.
Mar 29, 2023 · What led to the economic crisis? The government blamed the Covid pandemic, which badly affected Sri Lanka's tourist trade - one of its biggest foreign currency earners.
Apr 1, 2024 · Sri Lanka’s economy is projected to see moderate growth of 2.2% in 2024, showing signs of stabilization, following the severe economic downturn of 2022. But, the country still faces elevated poverty levels, income inequality, and labor market concerns, says the World Bank's latest bi-annual update.
Jul 8, 2024 · SRI LANKA’S ECONOMIC RECOVERY. While prices remain inflated, they are a far cry from the peak of 70 per cent. Inflation has currently settled at about 1.7 per cent. Sri Lanka’s gross...
Jul 17, 2023 · Despite these good news stories, Sri Lanka's economy is still in a precarious place. The country still has more than $80bn (£61.1bn) of debt - both foreign and domestic. In the worst of...
Mar 22, 2024 · The economic situation in debt-stricken Sri Lanka has started to gradually improve following its worst economic crisis two years ago, the International Monetary Fund (IMF) has said.
Mar 20, 2023 · Sri Lanka has secured a $3bn (£2.4bn) bailout from the International Monetary Fund (IMF) as it faces its worst economic crisis since independence.
Jun 2, 2023 · The International Monetary Fund says that debt-stricken Sri Lanka, which declared bankruptcy last year, is showing signs of economic improvement but its recovery still faces challenges. Sri Lanka declared bankruptcy in April 2022 and said it was suspending repayment of its foreign debt.
Oct 13, 2023 · Sri Lanka defaulted on its foreign debt in May 2022 amid its worst financial crisis in decades. Soaring prices and shortages of essential goods sparked nationwide protests last year. Why is...
Feb 25, 2022 · Sri Lanka is in economic crisis, some analysts say. Debts have spiralled, reserves are low and growth has lagged. Island heavily reliant on tourism, devastated by pandemic. Central bank...
