Many factors, including poor decision-making on fiscal policy initiatives and economic management, led to Sri Lanka’s economic collapse. Eventually, the country’s government resorted to asking ...

as the government was left with lower revenue to deal with the crisis in 2020 and 2021. COVID-19: A Turning Point in the Economy The COVID-19 pandemic upended Sri Lanka’s economy, further ...

President Anura Kumara Dissanayake emphasized uniting for economic freedom amidst global challenges during Sri Lanka's 77th Independence Day. The celebrations were modest, reflecting efforts to reduce ...

The support of the two regional powerhouses — and rivals — is crucial for Sri Lanka to emerge from its worst economic crisis in decades, which led to political upheaval and paved the way for ...

Sri Lanka's economy crumpled under a severe foreign exchange crisis in 2022, but has posted a faster than expected rally after it secured a $2.9 billion International Monetary Fund (IMF ...