Sri Lanka Economic Crisis Current Affairs, GK & News

Ranil Wickremesinghe- Sri Lanka’s New PM

On 12th May 2022, Ranil Wickremesinghe was sworn in as the 26th prime minister of Sri Lanka. He was sworn in as the PM to steady the nation’s economy which is debt-ridden and to end the ongoing political turmoil. His appointment has been welcomed by India. Who did Wickremesinghe replace as the country’s PM? Wickremesinghe ..

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Sri Lanka Power Cuts

Sri Lanka, reeling under its worst economic crisis, has announced a nationwide daily power cut of seven-and-a-half hours each. This is Sri Lanka’s longest power cut announced in 26 years. Overview: The Sri Lankan government has been imposing sporadic power cuts due to its dwindling fuel supplies. The power cuts will be imposed from 8 ..

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Sri Lanka Economic Crisis – 2021-22

As per World Bank’s Sri Lanka Development Update (SLDU), Sri Lanka is facing an acute economic crisis because of job & earning losses, high food inflation and dwindling finances in the country. World Bank’s Sri Lanka Development Update Inflation has been increased, as government is printing money to pay off domestic loans and foreign bonds. ..

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