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The 2024 Sri Lankan presidential election was the ninth presidential election in the country’s history and was held on 21 September 2024. [ 4 ][ 5 ] Incumbent President Ranil Wickremesinghe ran for re-election as an independent candidate, making him the first sitting president to run for re-election since Mahinda Rajapaksa in 2015. [ 6 ][ 7 ...
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]
Services accounted for 58.2% of Sri Lanka's economy in 2019 up from 54.6% in 2010, industry 27.4% up from 26.4% a decade earlier and agriculture 7.4%. [42] Though there is a competitive export agricultural sector, technological advances have been slow to enter the protected domestic sector. [43]
COLOMBO (Reuters) -Sri Lanka is asking international bond holders to take a 30% haircut and is seeking similar concessions from investors in its domestic dollar-denominated notes as it seeks to ...
The All Ceylon Makkal Congress (Tamil: அகில இலங்கை மக்கள் காங்கிரஸ், romanized: Akila Ilaṅkai Makkaḷ Kāṅkiras; Sinhala: සමස්ත ලංකා මහජන කොංග්රසය Samasta Lanka Muslim Kongrasaya) is a registered political party in Sri Lanka. [1] It was founded ...
e. Sri Lanka elects on the national level a head of state – the president – and a legislature. Sri Lanka has a multi-party system, with two dominant political parties. All elections are administered by the Election Commission of Sri Lanka.
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 ...
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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