economic crisis in srilanka Current Affairs, GK & News

Sri Lanka’s inflation spikes to 70.2%

Sri Lanka recorded 70.2 per cent inflation rate for August 2022. Key facts Sri Lanka’s inflation has increased to 70.2 per cent in August. In July, the country recorded 66.7 per cent. The National Consumer Price Index (NCPI) has increased 2.5 per cent in August, as the food prices increased 1.7 per cent and prices ..

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IMF $2.9bn deal to aid Sri Lanka

Recently, the International Monetary Fund (IMF) has come forward to help Sri Lanka, which is facing a historic economic crisis. The IMF has announced a loan of $ 2.9 billion to Sri Lanka. Key Points The aid aims to restore macroeconomic stability and creditworthiness in Sri Lanka as well as protect financial stability. The IMF ..

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