Ultimately, Sri Lanka’s economic situation will not improve any time soon. Even if the new government is able to conclude negotiations with the IMF, it will take time for the money to be dispersed.

These images show both petrol stations on August 14th. The roads around them are clear. That is not because Sri Lanka had received a big infusion of cash or fixed its economy.

Sri Lanka's crisis is no mere financial downturn, like Americans are experiencing now. Our economic system is literally collapsing, with millions of people in desperate need of humanitarian aid.

Sri Lanka’s tea industry is crucial to the island’s economy, and among its main exports: tea accounted for $1.3 billion in annual export revenue until the economic crisis hit the island.

Indeewara reported that book sales in Sri Lanka had dropped in recent years because of the economic crisis. SLBPA former President Vijitha Yapa said that when Ranil Wickremesinghe was Prime ...

The International Monetary Fund had forecast Sri Lanka would grow by 4.5% in 2024. Sri Lanka's agriculture sector grew 8.3% in 2024 from a year earlier, industrial output expanded by 25.5%, and ...

Sri Lanka's civil war ended in 2009, but ethnonationalism remains a powerful force in the country's politics. Professor Mythri Jegathesan traces the country's present crisis to its recent ...

September 2022: Inflation rate soars to 69.8%, the fastest during Sri Lanka’s economic crisis. Sri Lanka turns to the International Monetary Fund for emergency aid.

Sri Lanka is in the midst of the worst economic crisis in the countries history. The country's government announced that there would be a significant cut in fuel prices.

Sri Lanka’s economic crisis is driving millions of people into poverty, jeopardizing their rights to health, education, and an adequate standard of living.

What Caused Sri Lanka’s Economic Crisis? Many factors contributed to Sri Lanka’s economic collapse in 2022. In 2016–2017, a drought ruined crops and weakened the farming industry.