On February 4, 2025, Sri Lanka marked its 77th National Independence Day, a significant milestone in the country’s history. The island nation, situated in the Indian Ocean southwest of the Bay of Bengal, gained independence from British rule in 1948.
Sri Lanka’s distinctive teardrop shape reflects its diverse topography. Spanning 65,610 square kilometers, the country boasts a 1,340-kilometer coastline. Its landscape features a captivating blend of low-lying coastal plains, rolling hills, and a mountainous central region, culminating in the majestic Pidurutalagala peak at 2,524 meters.
Recent years have witnessed significant economic challenges for Sri Lanka. The country endured its worst economic crisis in 2022, culminating in a declaration of bankruptcy. A severe foreign exchange crisis forced it to halt repayments on approximately $83 billion in domestic and international loans. This economic turmoil led to critical shortages of essential goods and widespread power outages.
Despite these setbacks, Sri Lanka has embarked on a path towards economic recovery. In 2023, the International Monetary Fund approved a $2.9 billion bailout package. Under the leadership of newly elected President Anura Kumara Dissanayake, the government has committed to addressing the nation’s economic woes and improving the living standards of all citizens.
Sri Lanka possesses a wealth of natural resources, including limestone, graphite, mineral sands, gems, and phosphates, contributing significantly to its economic potential. The country’s diverse economy thrives on agriculture, mining, fishing, manufacturing, and tourism.
On the global stage, Sri Lanka pursues an independent foreign policy rooted in mutual respect, diplomacy, and constructive engagement with the international community. The country actively fosters bilateral and multilateral partnerships to promote peace, stability, and prosperity.
