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    Financial Crysis in Sri Lanka

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    AzeemOmer
    The document discusses Sri Lanka's financial crisis, including reasons for the crisis such as declining exports and funds flowing out of the country. It affected sectors like exports, economic growth, tourism and unemployment. Sri Lanka responded with exchange control measures, bank supervision measures and other monetary policies. The economy started recovering in 2010, with exports and imports rebounding and unemployment declining.

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    Financial Crysis in Sri Lanka

    Uploaded by

    AzeemOmer
    373 views10 pages
    The document discusses Sri Lanka's financial crisis, including reasons for the crisis such as declining exports and funds flowing out of the country. It affected sectors like exports, economic growth, tourism and unemployment. Sri Lanka responded with exchange control measures, bank supervision measures and other monetary policies. The economy started recovering in 2010, with exports and imports rebounding and unemployment declining.

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    Financial Crysis in Sri Lanka.pptx

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    The document discusses Sri Lanka's financial crisis, including reasons for the crisis such as declining exports and funds flowing out of the country. It affected sectors like exports, economic growth, tourism and unemployment. Sri Lanka responded with exchange control measures, bank supervision measures and other monetary policies. The economy started recovering in 2010, with exports and imports rebounding and unemployment declining.

    Copyright:

    © All Rights Reserved
    Download as PPTX, PDF, TXT or read online from Scribd
    Download as pptx, pdf, or txt
    373 views10 pages

    Financial Crysis in Sri Lanka

    Uploaded by

    AzeemOmer
    The document discusses Sri Lanka's financial crisis, including reasons for the crisis such as declining exports and funds flowing out of the country. It affected sectors like exports, economic growth, tourism and unemployment. Sri Lanka responded with exchange control measures, bank supervision measures and other monetary policies. The economy started recovering in 2010, with exports and imports rebounding and unemployment declining.

    Copyright:

    © All Rights Reserved
    Download as PPTX, PDF, TXT or read online from Scribd
    Download as pptx, pdf, or txt
    of 10

    Financial Crisis in

    Sri Lanka
    Content
    • What is a Financial Crisis.

    • Examples of Financial Crisis

    • Reasons for Financial Crisis in Sri Lanka.

    • How financial Crisis Effected in Sri Lanka

    • Measures that has been taken to control Financial Crisis

    • Recovery of the Sri Lankan Economy


    What is Financial Crisis.
    *A situation which the value of financial institutions
    or assets drop rapidly.

    *A financial crisis often associated with a panic or a


    run on the banks ?
    Examples of Financial Crisis
    *The Argentinean Banking crisis of 1980–82

    *The Chilean Banking Crisis during 1981–83

    *The Mexican Economic Crisis during 1995–97

    *The Asian Financial Crisis in 1997–98

    *The US Sub-prime Mortgage Crisis Starting from 2007


    Reasons for Financial Crisis in
    Sri Lanka

    * The US crisis was the latest * The SL Nationals who have


    financial crisis which impacted on migrated abroad for employment
    economic growth of Sri Lanka. couldn't send their valuable
    foreign currency.

    * Funds Invested by Foreigners in * The export of Tea, Rubber,


    Treasury Bonds & Bills flowed out Coconut, Spices, Jewelry,
    from Sri Lanka. Garments have badly affected.
    How financial Crisis Effected
    in Sri Lanka
    * Exports Declined

    * Economic Growth

    * Tourism Sector

    * Unemployment

    * Inflation
    Measures that has been taken to control
    Financial Crisis in Sri Lanka.
    * Exchange Control Measures.
    (The restrictions on movements of foreign capital flows in Sri Lanka
    such as permitting the deposits in foreign currencies under specific
    schemes)

    * Bank Supervision Measures.


    The issuance of some directions to financial institutions
    The Strict guidelines for maintenance of Nonperforming loans (NPL)
    The CBSL also placed limits on the borrowings of Commercial Banks.

    * Other Measures.
    (Under its monetary Policy, the CBSL took several measures.)
    Recovery of the Sri Lankan
    Economy
    * Thedrops in exports and Imports in
    2009 has been recovered in 2010.

    * The banking sector was resilient to


    external and domestic developments

    * Unemployment rate declined to 4.9%


    in 2012 and economic Growth 8% in
    2010.

    * External reserve Position improved.


    Summary
    Here we attempted to explain,
    (The basis of Financial Crisis, Types of Financial Crisis & some examples
    of Financial Crisis.)

    But as per our main topic "Financial Crisis In Sri Lanka we mainly
    focused on the Reasons of Financial Crisis In Sri Lanka & briefly
    discussed the affected areas.

    Later we discussed the Measures that has been taken by the Government
    & the Recovery of the Sri Lankan economy.

    As a conclusion,
    we can't completely avoid the Financial Crisis, but through the continuous
    implementation of appropriate polices we can avoid the adverse impacts.
    Thank You.

    Presented By :-
    - - O.H.Azeem
    Omer.
    - K.G.Mahalekam.
    - H.M.J.B.Herath.
    - P.H.M.B.S.B.Abeyrathna.
    - U.J.C.Kumarasinghe.

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