Economic Emergency in Sri Lanka 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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FAO/WFP Crop and Food Security Assessment Mission (CFSAM) report

Food and Agriculture Organization (FAO) and the World Food Programme (WFP) have jointly published a report titled “Crop and Food Security Assessment Mission (CFSAM) report”. Highlights Food insecurity: Around 6.3 million people in Sri Lanka are experiencing moderate to severe acute food insecurity. It is expected to worsen if required social aid and job opportunities ..

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Resignation of Sri Lankan PM

Recently, the Sri Lankan Prime Minister (PM) Mahinda Rajapaksa tendered his resignation as Prime Minister to the Sri Lankan President. Why did the Sri Lankan Prime Minister resign? Amid the economic crisis and intensified protests and violence, Sri Lankan citizens have been demanding the resignation of the Prime Minister. Also, Sri Lankan President Gotabaya Rajapaksa ..

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Sri Lankan Economic Crisis- Things to know

Government of Sri Lanka declared an economic emergency in last week of August 2021 because of rising food prices, depreciating currency, and depleting forex reserves. Highlights President of Sri Lanka, Gotabaya Rajapaksa, called in the army to manage this crisis by rationing the supply of essential goods. What led to economic crisis in Sri Lanka? ..

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