President tells State Banks: Utilise relief given by CB to strengthen economy and people

President Gotabaya Rajapaksa has emphasised that it is the responsibility of state banks to utilise relief provided by the Central Bank to strengthen the economy and the people  affected by the COVID-19 pandemic.  

 “The global economies have been hit hard by coronavirus. As such all types of businesses including agriculture, small and medium enterprises should be directly assisted and uplifted to overcome the prevailing crisis,” President added.  

President Rajapaksa made these observations at a meeting held at the Presidential Secretariat on Wednesday to review the performance of the People’s Bank.   

Following the discussion held with the Central Bank, opportunity is now open for state banks to create the environment that needed to revive the country’s economy. The President said that we must move forward with a new development programme deviating from traditional methods to achieve economic prosperity.