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* Governor of Central Bank gives two weeks to restore political stability
Wed, May 11, 2022, 09:29 pm SL Time, ColomboPage News Desk, Sri Lanka.

May 11, Colombo: The Governor of the Central Bank, Dr. Nandalal Weerasinghe has said that he would step down if there was no political stability in the country within the next two weeks.

Speaking at a media briefing held at the Central Bank of Sri Lanka, the Governor said if there is no political stability in the country, the economic policies adopted will not have any effect and if there is no political stability, the economic situation will worsen in the future.

"If politicians cannot work together to bring stability, no one can rebuild the economy of this country. Without political stability I would not remain in office,” he said.

If political stability cannot be brought within two weeks, the country's economy will not be able to recover, no matter who is in power. Therefore, if there is no political stability within two weeks, I have no intention of holding the post of Governor of the Central Bank. I have informed all political parties including the President. ”

Sri Lanka has commenced the next round of technical discussions with the International Monetary Fund (IMF) Monday for a financing instrument to overcome the current economic crisis. However, the IMF said while committed to assisting Sri Lanka, the global lender is following developments in the country and are concerned about rising social tensions.

 

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