Written by Tharushan Fernando
22 Jul, 2016 | 9:17 pm
A special seminar was held at the BMICH on Friday where attention was drawn to Sri Lanka’s development challenges. A group including the president, the prime minister, ministers and the attorney general as well as state sector employees were present at the seminar.
“We believe in discipline, in the concept of good governance, in protecting the law and in securing and nurturing the law”, said the president who added that in order to achieve these factors, and to achieve a better and a prosperous motherland, the politicians should provide the initial precedent.
He added that following discussions with the premier and the cabinet, an institutional system to provide independence to the state sector employees will be created.
“I will not cling to power. And I will not delay what needs to be said”, said President Sirisena and further noted that “if someone is doing something wrong under the plaque of good governance and if it is known that a mistake is taking place, it will not be allowed to happen”.
The newly-appointed governor of the Central bank delivered the keynote address at the seminar.
Governor of the Central Bank of Sri Lanka, Dr.Indrajit Coomaraswamy stated that business cannot be continued as usual and there is a need to ‘think a fresh’ and to do things in a different way.
He pointed out that there is need for a better balance of social development on the one hand, and inclusive growth on the other hand, and since the country has graduated to a middle-income country, the nation is exposed to rating agencies and international capital markets – and these agencies are far more brutal.
If you think the IMF is “brutal” these agencies are far more brutal, he said
He added that there is a much higher premium now placed on very prudent economy policy makings – and because the Sri Lanka doesn’t have prudent economy policy making – then the rating agencies and its national capital markets will punish the country by not giving the money that is needed for imports and to service debts.
25 Feb, 2021 | 07:17 AM
10 Feb, 2021 | 12:19 PM
Are you interested in advertising on our website or video channel
Please contact us at [email protected]