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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 ...
The mixed economy of Sri Lanka was worth $84 billion by nominal gross domestic product (GDP) in 2019 [ 32] and $296.959 billion by purchasing power parity (PPP). [ 33] The country had experienced an annual growth of 6.4 percent from 2003 to 2012, well above its regional peers.
Politics of Sri Lanka. Sri Lanka is a unitary multi-party semi-presidential representative democratic republic, whereby the President of Sri Lanka is both head of state and head of government. Executive power is exercised by the President on the advice of the Prime Minister and the Cabinet of Ministers. Legislative power is vested in the ...
Gotabaya Rajapaksa. Nandasena Gotabaya Rajapaksa, RWP, RSP ( Sinhala: නන්දසේන ගෝඨාභය රාජපක්ෂ; Tamil: நந்தசேன கோட்டாபய ராஜபக்ஷ; born 20 June 1949) is a former Sri Lankan politician and military officer, who served as the eighth President of Sri Lanka from 18 ...
Coupon collector's problem. In probability theory, the coupon collector's problem refers to mathematical analysis of "collect all coupons and win" contests. It asks the following question: if each box of a given product (e.g., breakfast cereals) contains a coupon, and there are n different types of coupons, what is the probability that more ...
SLPP. Presidential elections were held in Sri Lanka on 16 November 2019. [ 1][ 2] Incumbent president Maithripala Sirisena did not run for a second term. Gotabaya Rajapaksa, brother of former president Mahinda Rajapaksa, was the candidate of the Sri Lanka Podujana Peramuna [ 3] and was endorsed by the Sri Lanka Freedom Party. [ 4]
As a Fed rate decision looms, now's the time to save smarter with a high-yield account offering more than 10 times the national savings rate — up to 5.30% APY with FDIC-insured digital banks and ...
The Sri Lankan government has been successful in reducing poverty from 15.2% on 2006 to 8.9% in 2010, urban poverty was reduced from 6.7 to 5.3% while rural poverty was reduced from 15.7 to 9.5%, and the nation has made significant progress towards achieving Millennium Development Goals on eradicating extreme poverty and hunger.
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