An economic crisis worsened by a political crisis: Time is running out for Sri Lanka
Warning against
political instability
Monday, 19 February 2018The Central Bank Governor Indrajit Coomaraswamy, while announcing the Bank’s monetary policy stance for the next two months, is reported to have emphasised on the need for a quick resolution of the ongoing political stalemate in the country (available at: http://www.ft.lk/top-story/CB-chief-calls-for-political-stability/26-649568 ). Coomaraswamy, according to reports, has rung “an alarm bell over Sri Lanka’s political leaders calling for a quick end to the political standoff triggered by the Local Government poll results before it affected growth, warning there was no scope for loosening fiscal policy”.
