News

CB Governor and SJB MPs discuss state of the economy

09 Mar, 2022

Feature Image

Central Bank Governor Ajith Nivard Cabraal had talks today with a group of Samagi Jana Balawegaya (SJB) MPs and discussed the state of the economy.

Cabraal said that he had a cordial and interesting meeting with MPs Dr. Harsha de Silva, Kabir Hashim and Eran Wickramaratne.

The Governor said that all parties to the discussion had the opportunity of expressing their candid views.

Dr. Harsha de Silva said that they discussed the ability to pay for imports and foreign debt in exchange rates, soaring inflation and financial system stability.

“The Central Bank of Sri Lanka is still looking at the crisis as a liquidity short term one. Getting a swap here and there, postponing the ACU payments etc as opposed to a liquidity plus a solvency issue that also requires analysis of the sustainability of the foreign debt and a restructure,” Dr. Harsha de Silva tweeted.

He also said that the Government does not seem to be considering an IMF supported debt restructuring program. (Colombo Gazette)

Recommended For You

Feature Image

Sri Lanka’s envoy in Canada appointed as representative to ICAO

Sri Lanka’s High Commissioner in Canada, Ahmed Jawad, presented his letter of appointment as the representative of Sri Lanka to the International Civil Aviation Organization (ICAO) in Montreal, at a meeting with Secretary General Fang Liu. During the ensuing discussion the High Commissioner briefed the Secretary General on the active role played by Sri Lanka as a member state, including preparations been made to host the 53rd conference of Directors General of Civil Aviation in the Asia Pacific

23 Apr, 2016

Feature Image

Government insists will not allow country to be divided

The Government insists it will not allow the country to be divided or National security to be placed in jeopardy. State Minister of Defence Ruwan Wijewardena said that while the Government and politicians in the North may discuss devolution of power, it will not be done at the expense of harming the unity of the country. The Northern Provincial Council had last week called for a separate State for Tamil speaking people. Wijewardena however said the Government will take all measures to protect

24 Apr, 2016

Feature Image

Sri Lanka does not support calls for the US to arrest Gotabaya

The?Sri Lankan Government dos not support calls for the United States to arrest former Defense Secretary Gotabaya Rajapakse. Minister of Public Enterprises Development Kabir Hashim said that any allegations raised against a Sri Lankan citizen over a domestic issue must be dealt with only under local laws. “We will not allow a domestic issue to be dealt with internationally owing to outside pressure, he said. In an appeal to US President Barack Obama last week, two major Tamil groups in the Un

24 Apr, 2016