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If Ranil Doesn’t Take Tough Steps, Sri Lanka Economy Could Fall into Abyss: Former Central Bank Head
Support The Interview with Karan Thapar – https://fij.mojo.page/support-the-int… One of the most highly regarded former Governors of the Central Bank of Sri Lanka has said that if Ranil Wickremesinghe does not implement very tough measures the country’s economy can fall into the abyss. Indrajit Coomaraswamy says he believes it will take the Sri Lankan economy at least five years to get back to where it was in 2019 and that will only be possible if the tough steps of recovery that he speaks about in the interview are implemented by the Wickremesinghe government. Join The Wire’s Youtube Membership and get exclusive content, member-only emojis, live interaction with The Wire’s founders, editors and reporters and much more. Memberships to The Wire Crew start at Rs 89/month. https://www.youtube.com/channel/UChWt…
2 responses to “Sri Lanka in Deep Abyss: Indrajit”
Indrajit Coomaraswamy says that the country’s economy can fall into the abyss and he believes it will take the Sri Lankan economy at least five years to get back to where it was in 2019.
In 2019, at a meeting chaired by then Prime Minister/the current President the same Indrajith who was the then Governor said “Sir, SL economy is on a sick bed.” I asked him “Are you taking it from the sick bed to the mortuary?’ The current Governor Weerasinghe broke into a laugh.
My question NOW is THIS: “Does Indrajith suggest the President should pursue tough measures to take the economy from its current abyss to the sick bed SL was in 2019? What tougher measures are being suggested?”
Sometime in January 2019, Indrajit Coomarswamy, as the Governor of the Central Bank made a major policy statement outlining what he termed as a”Road map” for securing the country’s fiscal and monetary activities for the future. He spoke of creating a Road Map for sustainable finance and monetary activities which up to the time were comparatively well planned and implemented. My question is,did the assistance from the IFC of the World Bank which funded the creation of the Road Map, foresee the problems that arose subsequently, and what measures did they recommend against possible road blocks.