Sri Lanka Government and Politics
Sri Lanka is a presidential, democratic and unified state republic. The head of state, the president, is elected in the general election for six years and can be re-elected. The president’s power has been...
Tagged: Sri Lanka
According to physicscat, Sri Lanka is a country located in South Asia, off the coast of India, bordered by the Indian Ocean. It has a population of over 20 million people with Sinhala and Tamil being its official languages and the Sri Lankan Rupee as its currency. In 2013 Sri Lanka was experiencing an economic boom with an estimated GDP of $81.9 billion USD. Its economy relied heavily on exports such as tea, rubber and textiles as well as services such as tourism and finance. Despite its strong economy, poverty levels remained high at around 8%. Additionally, inequality levels were high with the richest 10% of households controlling 44% of all wealth in 2013. In 2013 Sri Lanka was still dealing with political tensions between the government and opposition parties which led to frequent protests throughout that year. Additionally, there were ongoing tensions between different ethnic groups which led to frequent clashes throughout that year. Despite these challenges Sri Lanka continued to make progress towards peace and stability through its Constitution which aimed to protect human rights and establish a democratic government. Sri Lanka is an island nation located in South Asia and in 2014, it was home to around 20 million people. It has a diverse population consisting of Sinhalese, Tamil and Moor ethnic groups as well as a large expatriate community. In 2014, Sri Lanka’s economy was growing steadily with GDP growth reaching 7.3%. This growth was largely driven by strong exports, which accounted for nearly 60% of the country’s total GDP. The tourism industry also played an important role in the economy with over 2 million visitors coming to Sri Lanka during this year alone. The government of Sri Lanka implemented several reforms during this period in order to improve economic competitiveness and reduce poverty levels. These reforms included tax incentives for foreign investment, deregulation of the financial sector and improvements to infrastructure such as roads and ports. Additionally, UN agencies have provided assistance with infrastructure development such as roads and bridges that are needed for economic growth within the country. 2014 saw some political developments for Sri Lanka as well with Mahinda Rajapaksa winning re-election by a narrow margin in January after a bitter campaign against his main rival Maithripala Sirisena. Rajapaksa’s government continued to focus on economic development while also facing criticism from human rights organizations due to its alleged involvement in war crimes committed during the civil war between the Sinhalese majority and Tamil minority which ended in 2009. Overall, 2014 was an important year for Sri Lanka as it continued its steady economic growth while also facing challenges such as political instability and human rights violations under Rajapaksa’s government. Check cheeroutdoor for Sri Lanka Business.