Primary Country (Mandatory)

United States

Other Country (Optional)

Set News Language for United States

Primary Language (Mandatory)
English
Other Language[s] (Optional)
No other language available

Set News Language for World

Primary Language (Mandatory)
English
Other Language(s) (Optional)

Set News Source for United States

Primary Source (Mandatory)
CNN
Other Source[s] (Optional)

Set News Source for World

Primary Source (Mandatory)
AajTak
Other Source(s) (Optional)
  • Countries
    • India
    • United States
    • Qatar
    • Germany
    • China
    • Canada
    • World
  • Categories
    • National
    • International
    • Business
    • Entertainment
    • Sports
    • Special
    • All Categories
  • Available Languages for United States
    • English
  • All Languages
    • English
    • Hindi
    • Arabic
    • German
    • Chinese
    • French
  • Sources
    • India
      • AajTak
      • NDTV India
      • The Hindu
      • India Today
      • Zee News
      • NDTV
      • BBC
      • The Wire
      • News18
      • News 24
      • The Quint
      • ABP News
      • Zee News
      • News 24
    • United States
      • CNN
      • Fox News
      • Al Jazeera
      • CBSN
      • NY Post
      • Voice of America
      • The New York Times
      • HuffPost
      • ABC News
      • Newsy
    • Qatar
      • Al Jazeera
      • Al Arab
      • The Peninsula
      • Gulf Times
      • Al Sharq
      • Qatar Tribune
      • Al Raya
      • Lusail
    • Germany
      • DW
      • ZDF
      • ProSieben
      • RTL
      • n-tv
      • Die Welt
      • Süddeutsche Zeitung
      • Frankfurter Rundschau
    • China
      • China Daily
      • BBC
      • The New York Times
      • Voice of America
      • Beijing Daily
      • The Epoch Times
      • Ta Kung Pao
      • Xinmin Evening News
    • Canada
      • CBC
      • Radio-Canada
      • CTV
      • TVA Nouvelles
      • Le Journal de Montréal
      • Global News
      • BNN Bloomberg
      • Métro
QINSEN Square Neck Tank Top Buy Now
Water Proof Digital Timer Shower Clock for Bathroom Kitchen Buy Now
Beefy-T Heavyweight Cotton Tee Buy Now
Women's Capri Pajama Sets Buy Now
Columbia Steens Mountain 2.0 Full Zip Buy Now
Men's Knit Blazer Buy Now
Stretch High Waisted Ripped Jeans Buy Now
Walnut Book Page Holder Buy Now
HeatGear Compression Long-Sleeve T-Shirt Buy Now
One Shoulder Ruched Bodycon Dress Buy Now
3 Pairs Compression Socks for Women Buy Now
Steel Toe Lightweight Shoes Buy Now
Extreme Taper Jean Buy Now
Rimless Rectangle Sunglasses for Men Buy Now
Women's Roman Numeral Watch Buy Now
Men's Casual Blazer Buy Now
HD Sound Bluetooth Speaker Buy Now
CHRLEISURE Leggings with Pockets for Women Buy Now
Women's Joggers Pants Buy Now
Glasting Melting Lip Balm Buy Now
MoreBack to News Headlines
Sri Lanka's poverty alarmingly high: World Bank

Sri Lanka's poverty alarmingly high: World Bank

The Peninsula
Wednesday, April 23, 2025 9:09 PM GMT

Colombo: About a quarter of cash strapped Sri Lanka s population was living in poverty despite the economy making a remarkable recovery from its wor...

Colombo: About a quarter of cash-strapped Sri Lanka's population was living in poverty despite the economy making a "remarkable recovery" from its worst financial meltdown, the World Bank said on Wednesday.

The South Asian nation's growth surpassed the Bank's forecast of 4.4 percent, recording 5.0 percent in 2024 -- the first economic expansion since the 2022 crisis.

"While the economy is recovering, many Sri Lankans are still struggling... the poverty rate remained alarmingly high at 24.5 percent in 2024," the Bank said in its latest update on the island.

"The labour market continues to struggle, leading to increased emigration as people look for opportunities abroad. Household incomes, employment and overall welfare remain well below pre-crisis levels."

The Bank said wages have yet to catch up to their 2019 levels. Since then, poverty -- measured by those earning less than $3.65 a day -- has doubled.

Read full story on The Peninsula
Share this story on:-
Run 3 Space | Play Space Running GamePlay Run 3, the ultimate space tunnel running game with 300+ challenging levels!Adv.
Traffic Jam 3D | Online Racing GameTraffic Jam 3D is a game where you’ll be driving through heavy traffic.Adv.
Duck Hunt | Play Old Classic GamePlay the classic 1984 light gun shooter game Duck Hunt on your browser.Adv.
More Related News
UNRWA warns of severe financial crisis threatening continuity of its services

New York: The United Nations Relief and Works Agency for Palestine Refugees (UNRWA) has warned that it is facing a severe financial crisis that threat...

South Korea gets first civilian defence minister in 60 years

Seoul: South Korea s government on Monday appointed the country s first civilian defence minister in more than 60 years, after growing calls for stron...

New CEO of Jeep owner Stellantis starts with leadership shake-up

Paris: Antonio Filosa began his tenure as chief executive of US European auto giant Stellantis on Monday with a leadership shake up, as he seeks to ju...

Prime Minister holds phone call with Ireland's Deputy Prime Minister

Doha, Qatar: Prime Minister and Minister of Foreign Affairs HE Sheikh Mohammed bin Abdulrahman bin Jassim Al Thani received a phone call on Monday fro...

Beijing issues weather warning for hottest days of year

Beijing: Beijing residents sought shade and cooled off in canals on Monday as authorities issued the second highest heat warning for the Chinese capit...

'A great start': NBA crown just the beginning for Shai

Oklahoma City: Shai Gilgeous Alexander believes Oklahoma City s NBA Finals triumph could be the beginning of a golden era for him and his youthful Thu...

Head says new-look Australia can cope without Smith, Labuschagne

Sydney: Travis Head said Monday Australia were experienced enough to cope as they prepare for their first Test without Steve Smith or Marnus Labuschag...

5.3-Magnitude Earthquake Strikes Papua New Guinea

Port Moresby: A 5.3 magnitude earthquake struck Monday Papua New Guinea. The US Geological Survey reported that the earthquake s epicenter was loca...

Dollar rises as investors turn to safe-haven assets

Singapore: The dollar rose Monday as investors turned to safe haven assets, but the restrained moves suggest markets are monitoring developments in th...

Strong northwesterly winds across Qatar starting tomorrow

Doha: Qatar Meteorology Department has released a statement about the return of northwesterly winds starting tomorrow, Tuesday, June 24, 2025, and con...

Strong northwesterly winds across Qatar starting tomorrow

Doha: Qatar Meteorology Department has released a statement about the return of northwesterly winds starting tomorrow, Tuesday, June 24, 2025, and con...

Sri Lanka seizes $76m smuggled drugs this year

Colombo: Sri Lanka s anti narcotics drive has resulted in the seizure of more than three tonnnes (6,600 pounds) of illegal drugs with a street value o...

QEF opens registration for Future Riders Summer Programme

Doha, Qatar: The Qatar Equestrian Federation (QEF) has announced the continuation of registration for its annual Future Riders Summer Programme, set t...

Parking Slot | Free Parking GamePlay Parking Slot, the best online 3D car driving and parking game.Adv.
Slope Ball Run - Play OnlineSlope Game takes you on an exciting journey of a ball on special paths.Adv.
Groundbreaking Vera Rubin Observatory reveals first images

Washington: The team behind the long awaited Vera Rubin Observatory in Chile published their first images on Monday, revealing breathtaking views of s...

QC Chairman stresses strength of economic, investment relations between Arab world, Britain

London: Chairman of Qatar Chamber (QC) and First Vice President of the Arab British Chamber of Commerce HE Sheikh Khalifa bin Jassim Al Thani emphasiz...

QC Chairman stresses strength of economic, investment relations between Arab world, Britain

London: Chairman of Qatar Chamber (QC) and First Vice President of the Arab British Chamber of Commerce HE Sheikh Khalifa bin Jassim Al Thani emphasiz...

CEO of Qatar Free Zones Authority meets Ambassador of Singapore

Doha, Qatar: Chief Executive Officer of Qatar Free Zones Authority (QFZ) HE Sheikh Mohammed bin Hamad bin Faisal Al Thani met today with Ambassador of...

CEO of Qatar Free Zones Authority meets Ambassador of Singapore

Doha, Qatar: Chief Executive Officer of Qatar Free Zones Authority (QFZ) HE Sheikh Mohammed bin Hamad bin Faisal Al Thani met today with Ambassador of...

Star-packed, Covid-shaped 'Death Stranding 2' drops this week

Paris: Japanese video game legend Hideo Kojima releases Death Stranding 2: On the Beach this week, a star studded PlayStation sequel inspired by the...

Celtic 'great' John Clark dies aged 84

Glasgow: Celtic paid tribute to former defender John Clark, part of the club s European Cup winning team in 1967, after he died aged 84 on Monday....

Ministry arrests violator for throwing waste in undesignated places

Doha, Qatar: The Ministry of Environment and Climate Change (MoECC), represented by the Wildlife Protection Department, carried out an expanded inspec...

Ministry arrests violator for throwing waste in undesignated places

Doha, Qatar: The Ministry of Environment and Climate Change (MoECC), represented by the Wildlife Protection Department, carried out an expanded inspec...

Amir sends condolences to Custodian of the Two Holy Mosques

Doha, Qatar: The Amir HH Sheikh Tamim bin Hamad Al Thani sent a cable of condolences to the Custodian of the Two Holy Mosques King Salman bin Abdulazi...

Amir sends condolences to Custodian of the Two Holy Mosques

Doha, Qatar: The Amir HH Sheikh Tamim bin Hamad Al Thani sent a cable of condolences to the Custodian of the Two Holy Mosques King Salman bin Abdulazi...

Ashghal to temporarily close Exit 32 A on Sabah Al-Ahmed Corridor

Doha, Qatar: Public Works Authority, Ashghal, announces a temporary closure of Exit No 32 at Al Thumama Interchange for those coming from the Mesaieed...

© 2008 - 2025 Webjosh  |  News Archive  |  Privacy Policy  |  Contact Us