Socialism in Sri Lanka

[1] Socialist ideology shaped the principal economic and social policies of Sirimavo Bandaranaike and the Sri Lanka Freedom Party during the 1970s.

[2] Several sectors of the economy including banking, insurance and some privately owned estates were nationalized during her tenure.

[2][3] Janatha Vimukthi Peramuna is a communist and Marxist–Leninist party and political movement in Sri Lanka.

After independence, the SLFP represented a form of non-revolutionary populist socialism and a policy of non-alignment with strong ties to socialist countries.

[7][8][9] However, after 1995 the party moved towards a more social democratic philosophy that sought to combine both the free market and the SLFP's traditional people friendly policies.