Sri Lanka Celebrates 77th Independence Day Amid Economic Recovery Efforts

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Sri Lanka marked its 77th Independence Day on February 4, 2025, with President Anura Kumara Dissanayake leading the celebrations in Colombo. During the event, Dissanayake pledged to address the country's economic challenges and improve living standards for all citizens by the end of his five-year term, according to a statement from the president's office.

Sri Lanka, which gained independence from the United Kingdom in 1948, is recovering from a devastating economic crisis that peaked in 2022, leading to a declaration of bankruptcy and suspension of payments on approximately $83 billion in loans, as reported by the Associated Press. The crisis resulted in severe shortages of essential goods and lengthy power cuts.

In his speech, Dissanayake called for unity among Sri Lankans to achieve economic, social, and cultural freedom, asserting, “Everyone has a role to play in this struggle.” Following his address, a military parade was held to commemorate the day. The country continues to work on debt restructuring, supported by a $2.9 billion bailout from the International Monetary Fund approved in 2023.

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