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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]
Sri Lanka is an island nation located in the Indian Ocean. Sri Lanka joined the International Monetary Fund on August 29, 1950. [1] Since June 1965, Sri Lanka has taken 16 loans from the IMF, with a total value of 3,586,000,000 SDR's. The most recent of these loans was agreed to in June 2016, with an agreed total of 1,070,780 SDR's, and ...
The Government of Sri Lanka ( GoSL) ( Sinhala: ශ්රී ලංකා රජය, romanized: Śrī Lankā Rajaya; Tamil: இலங்கை அரசாங்கம்) is a Semi-presidential republic determined by the Sri Lankan Constitution. It administers the island from both its commercial capital of Colombo and the administrative ...
List of prime ministers of Sri Lanka. Top left: D. S. Senanayake became the first prime minister of Ceylon in 1947. Top right: Sirimavo Bandaranaike was the first female prime minister of Ceylon and also its longest-serving prime minister, holding the office for over 17 years on three separate occasions. Bottom left: Ranasinghe Premadasa was ...
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]
India and Sri Lanka share a maritime border. India is the only neighbour of Sri Lanka, separated by the Palk Strait; both states occupy a strategic position in South Asia and have sought to build a common security umbrella in the Indian Ocean. Both India and Sri Lanka are republics that are members of the Commonwealth of Nations.
The president of Sri Lanka ( Sinhala: ශ්රී ලංකා ජනාධිපති Śrī Laṃkā Janādhipathi; Tamil: இலங்கை சனாதிபதி Ilankai janātipati) is the head of state and head of government of the Democratic Socialist Republic of Sri Lanka. The president is the chief executive of the union ...
Sri Lanka Freedom Party: 21 July 1960 – 24 August 1962 Sirimavo Bandaranaike: C. P. de Silva: Sri Lanka Freedom Party: 28 August 1962 – 8 November 1962 P. B. G. Kalugalla: Sri Lanka Freedom Party: 9 November 1962 – 10 May 1963 T. B. Ilangaratne: Sri Lanka Freedom Party: 29 May 1963 – 10 June 1964 N. M. Perera (1st term) Lanka Sama ...