Political stability is paramount for economic revival, says CBSL Chief while hinting resignation if political stability is NOT achieved

Political stability is paramount for economic revival, says CBSL Chief while hinting resignation if political stability is NOT achieved

Political stability is paramount for economic revival, says CBSL Chief while hinting resignation if political stability is NOT achieved

Written by Zulfick Farzan

11 May, 2022 | 3:47 pm

COLOMBO (News 1st); Sri Lanka’s Central Bank Govenor Dr. Nandalal Weerasinghe warned that if political stability is NOT achieved, economic revivial would be impossible.

Speaking to reporters in Colombo on Wednesday (11), Dr. Weerasinghe warned that if political stability is not achieved within two weeks, he would not remain as the Governor of the Central Bank of Sri Lanka.

The Central Bank chief condemned the attacks on peaceful protestors and the events that followed, including setting houses on fire, shootings, and looting.

“When a country is facing such a situation, economic revival is impossible,” he warned, adding that the situation would not help Sri Lanka rise up economically.

He said the Executive President, and the 225 MPs must bring forward a stable governance structure that would pave the way for law and order, and peace in the country.

 

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