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Advisory Committee's proposals to Prez: – The Island

Question mark over Monetary Board’s role By Shamindra Ferdinando Former Governor of Uva, Southern and Central Provinces Rajith Keerthi Tennakoon yesterday (22) asked what the role of the Monetary Board would be in case the National Economic Council (NEC) headed by President Gotabaya Rajapaksa accepted the set of proposals made by an Advisory Committee especially […] ....

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Keerthi: IMF conditions painful but necessary

Keerthi: IMF conditions painful but necessary
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Tennakoon says economy cannot be saved by printing money alone

‘Rs 6.65 bn printed on Dec 31; Rs 678 bn in 2021’ By Shamindra Ferdinando Former Governor of Uva, Southern and Central Provinces Rajith Keerthi Tennakoon says that the ailing national economy cannot be saved by printing money. Civil society activist Tennakoon quoting official figures claimed that Rs. 6.65 bn had been printed on Dec […] ....

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UNP feels sorry for people undergoing economic hardships

UNP Deputy Leader Ruwan Wijewardene yesterday said the most tragic scene he had witnessed in his political life was people waiting in queues without means to celebrate the New Year. Addressing the media at his office in Hyde Park Corner in Colombo, the UNP Deputy Leader said people had to waste hours in queues at […] ....

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DEW: IMF can't intervene in rescheduling international sovereign bonds; SJB disagrees – The Island

By Shamindra Ferdinando Former outspoken Minister D. E. W. Gunasekera says the unprecedented crisis faced by cash-strapped Sri Lanka in meeting its external debt obligations in 2022 and 2023 cannot be solved by seeking IMF intervention. The government has ignored repeated calls by various parties, both in and out of Parliament, to seek IMF intervention […] ....

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