Sri Laka Crisis: Sri Lanka has been going through a period of severe economic crisis since its independence in 1948. Due to this inflation has reached its peak in the country. The foreign exchange reserves with the Sri Lankan government have already been depleted, due to which there has been a huge shortage of imported […]
Sri Lanka Crisis: Troubled Sri Lankan President Gotabaya Rajapaksa said on Wednesday that he would appoint a new prime minister and cabinet this week that would introduce constitutional reforms. Due to the serious economic crisis in the country, there are huge demonstrations against the government. In his address to the nation, Gotabaya also said that […]
Colombo: Central Bank of Sri Lanka Governor Nandlal Weerasinghe said on Wednesday that the country’s economy will collapse if a new government is not formed within two days to restore political stability. Weerasinghe said the fresh wave of mob violence derailed the bank’s recovery plans and that the Prime Minister’s resignation on Monday and the […]