About Sri Lanka is a Democratic Republic and a Unitary State which is governed by a semi-presidential system, with a mixture of a presidential system and a parliamentary system. The President is the head of state and the head of …
About SAARC is a regional intergovernmental organization established in 1985 with 7 founding members. SAARC now comprises eight Member States: Afghanistan (joined in 2007), Bangladesh, Bhutan, India, Maldives, Nepal, Pakistan and Sri Lanka. The main objective of the Association include …
About UPI Unified Payments Interface (UPI) is a system that powers multiple bank accounts into a single mobile application (of any participating bank), merging several banking features, seamless fund routing & merchant payments into one hood. This system enables lightning-fast …
Context The International Monetary Fund (IMF) has cleared the second tranche — of about US$337 million — of the Extended Fund Facility (EFF) to Sri Lanka, based on the debt treatment plan drawn up by the crisis-battered island nation and …