Will resign if political stability is not achived soon, warns of disaster – CBSL Chief | Sri Lanka News


Central Bank Governor Dr.Nandalal Weerasinghe said today he has communicated to all political parties including the President,that if no political stability was achieved in the next couple of weeks, he would no longer hold the post of Governor.

He told a news conference that it was extremely challenging to revive an economy in a country where law and order is not maintained and reiterated that political stability is paramount.

He said if the current situation continues in the next two to three days with no government in place, things could get worse with prolonged power cuts for about ten to twelve hours, massive shortages of fuel and other essential items.

He indicated that without a legitimate government with a Prime Minister, Cabinet and a Finance Minister, Sri Lanka won't be able to proceed with debt restructuring and IMF negotiations.

He said the usable foreign reserves barely enough to finance one week of imports.

Leave a Comment

Share to...