Monday, June 17, 2024
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Political stability is needed to reduce people’s suffering – New Central Bank Governor (VIDEO)

The new Governor of the Central Bank Nandalal Weerasinghe has emphasized that the current state of the Sri Lankan economy cannot be reversed at once and that political stability and social stability in the country are essential to reverse it in the short term.

“No one can do anything to turn this economy around at once. Our economy is like a vehicle going down a precipice. Then the first task of a vehicle that moves without control is to brake and stop it. You have to jump on it and brake and stop first, before it goes off and crashes. Doing so means this is going to go down a bit more during that time.

No matter who comes in and does it, it can’t be turned the other way at once. I do not like to create unnecessary expectations that I can not do things. I only talk about things I can do. This will take some more time.

Nandalal Weerasinghe stated this addressing a media briefing held at the Central Bank of Sri Lanka yesterday (08).

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