ECONOMYNEXT –Sri Lanka will not re-structure Treasury bills outside of central bank holdings and will engage with major T-bond holders for voluntary ‘optimization’ Governor Nandalal Weerasinghe said. “There will be some treatment on central bank held Treasury bills,” Governor Nandal Weeasinghe told a creditor presentation Thursday. “Other Treasury bill holdings will not be treated. Treasury […]
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Sri Lanka has to rationalize state spending, reduce the size of government, not just raise taxes, Treasury Secretary Mahinda Siriwardene said making a case for spending-based consolidation.
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Sri Lanka s private credit has started to slow after interest rates went up and there were indication that imports are also slowing, Central Bank Governor Nandalal Weerasinghe said.