Sri Lanka

World Factbook - Central News Agency

Sinhala Singhalese first came to Sri Lanka at the end of the sixth millennium BC, probably from the north. A dynastic regime in southern India founded a Tamil empire in the north of Sri Lanka in the fourteenth and eighteenth centuries. In 1948 it became self-sufficient as Ceylon, in 1972 it was renamed Sri Lanka. The ruling tension between the Sinhala minority and Tamil separators broke out into the conflict in July 1983.

The struggles between the Liberation Tigers of Tamil Eelam (LTTE) and the regime lasted over a quarter cent. In May 2009, the LTTE was beaten by the German authorities. In the years following the Mahinda RAJAPAKSA dispute, the Chinese authorities adopted an aggressive programme of infrastructural measures, many of which were funded by Chinese credit.

By 2015, a new Sri Lanka Freedom Party led by President Maithripala SIRISENA and United National Party Prime Minister Ranil WICKREMESINGHE came to office and pledged to push forward reform in the areas of the economy, leadership, anti-corruption, conciliation, judiciary and accountability. 2. Although there has been mixed track record in implementing many of these obligations in 2015 and 2017, the United Nations Human Rights Council has supported them.

By October 2017, 891,125 people had been IDPs from the wartime. The country is trying to maintain sustainable GDP expansion while at the same time preserving structural stable under the IMF programme launched in 2016. High levels of public sector debts, which have helped to create historic public deficit levels, continue to be a cause for worry.

Public debts amount to around 79% of the country's gross domestic product and remain among the highest in the EM. Over the next few years Sri Lanka will have to reconcile its increased plan for repaying debts with the need to keep appropriate currency stocks. Sri Lanka was granted back preferred EU Generalised System of Preferences (GSP+) in May 2016, which allows many of its companies to import goods, in particular its main exports, tax-free to the EU.

Parliament adopted a new fiscal law in 2017 to raise the level of taxation and widen the fiscal basis in reaction to the IMF programme proposals. In the years since the 26-year long dispute between the Tamil Eelam Liberation Tigers and the Tamil Eelam Liberation Tigers was resolved, the tourist industry has grown strongly.

By 2017, the Indian Ocean goverment announced its intention to make the Indian Ocean a knowledge-based, export-oriented turntable by 2025. Deliverance Tigers of Tamil Eelam (LTTE):