Both Prime Minister Ranil Wickremesinghe and Central Bank Governor Nandalal Weerasinghe have in recent days been explaining to the people what dire straits the economy is in, and to prepare to undergo difficult times for several more months. The Prime Minister and a parliamentary oversight committee have called for an investigation into the causes that [...]

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Sri Lanka in dire straits, prepare for the worst

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Both Prime Minister Ranil Wickremesinghe and Central Bank Governor Nandalal Weerasinghe have in recent days been explaining to the people what dire straits the economy is in, and to prepare to undergo difficult times for several more months. The Prime Minister and a parliamentary oversight committee have called for an investigation into the causes that led to the collapse of the economy, and the persons responsible, while the Governor said early warnings in 2020 were ignored by the Presidential Secretariat. Here the Governor is seen addressing the Press Club at the Colombo Hilton on Monday. Seated is Mr. Kumar Nadesan, Chairman of the Sri Lanka Press Institute. (See story in the Business Times section). Pic by Indika Handuwala

 

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