Politics, economics mixed up in SL: Indrajit

4 July 2016 03:08 pm - 21 - {{hitsCtrl.values.hits}}

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The new Central Bank Governor Indrajit Coomaraswamy, who assumed duties today, said politics had mixed up economics ever since the country achieved Independence.

“Ever since this country gained Independence, economy has been mixed up with politics. I don’t want to point the finger at any party but just want to emphasis that politics and economics have been mixed up by all governments. But I would like to stress that good economic policies result in good politics,” he said.

He said he would work straight and fear none.

“When I met President Maithripala Sirisena, he advised me to work straight and fear no one. I will follow his advice and work straight and fear no one,” he said.

He said the Central Bank should not engage in creating artificial economic booms but make sure the economy was stable.

Dr. Coomaraswamy recalled his meeting with Prime Minister Ranil Wickremesinghe as well.

“When I met the Prime Minister he read out the vision he has for the country and there is a big role for the Central Bank to play. If we do not work the way we should, the country will not be where it should be. Strong macroeconomic stability is essential. If that does not exist nothing can be done,” he said (Yohan Perera)

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Comments - 21

TJ Monday, 04 July 2016 07:15 PM

The fundamental truth is that "good politicians formulate good economic policies". In the absence of good politicians, how can good policies be made and implemented. After all central bank is subservient to the government.

Aquarius Tuesday, 05 July 2016 01:00 PM

Absolutely correct! Our politicians are 'experts' on everything unders the sun - a reason why we have different Ministries for the same thing. Poiliticians are Ministers and experts are deputies.

Socretis Tuesday, 05 July 2016 11:56 AM

Fundamental problems in SL politics is unqualified people start talking Economics

BV Tuesday, 05 July 2016 11:47 AM

YES AND WE WANT THE TRUTH REGARDING THE GREEK BOND ISSUE AND SPENDING OF EPF MONEY AS WELL. via DM Android App

usaguy Tuesday, 05 July 2016 10:54 AM

in Sri Lanka the biggest problem is not politics and economic mix. it is politics and religion mix. keep religion away from politics and politics away from economics. via DM Android App

Nihal Amarasekera Tuesday, 05 July 2016 10:47 AM

We live in hope. Like a true Rugger Player of class, dummy through political and other undesirables and reach for the goal.

upali Tuesday, 05 July 2016 10:03 AM

its not something new. corrupt politicians will continue with it. via DM Android App

FM Tuesday, 05 July 2016 09:54 AM

"Good Economics is Good Politics", I like this phrase,wish you all the best to play a straight bat.

DR RIFAI.UK Monday, 04 July 2016 07:23 PM

I went to his talk at SLHC London. His knowledge in world economy specially in South Eastern countries' economy is profound deep. I think that government has elected a suitable economist with international exposure.. This nation needs talented people beyond racial and religious limitations.. let us benefit from skills and talents of Sri Lankan sons who lived abroad and gained international experience. Dr I. Coomarasamy has such huge experience. Moreover, he is very humble person and getting on well with all people. a sport person and he loves cricket as well. So let us support him beyond all our political greed.

Cobra Monday, 04 July 2016 07:22 PM

But I wonder if those JO idiots understand what credibility is!

Gonpala Monday, 04 July 2016 07:17 PM

No, No, Politicians are advising Economists in Sri Lanka

Best Wishes Monday, 04 July 2016 03:28 PM

All the very best.I could not understand PM's plans for the 'development' ?? To develop, a person should have some sort of vision

Lanka Monday, 04 July 2016 06:53 PM

The issue is that people are sick and tired of being lied to them. No one can trust no one because of what is going on. Politics and the politicians are making a mess of the country.

Citizen Monday, 04 July 2016 06:14 PM

We want the truth about the losses arising from the bond issues revealed to the public.

Bingo Monday, 04 July 2016 06:01 PM

Now where is AG report on bond scam? 1.5 billions steal by former guy with the blessing of regime. Where is this ranjan and jvp gang?

cruso Monday, 04 July 2016 05:34 PM

still some people could not digest the appointment of a Tamil person for this post. From some of these comments we can understand it. when carnal was ruining the nobody bothered about it. anyway we welcome the presidents decision to apoint and educated gentleman for this post. via DM Android App

Konde bandapu Cheena Monday, 04 July 2016 05:35 PM

Herculean tusk ahead Good Luck,,,,,,,,,,,,,,,,,,

Vajira Monday, 04 July 2016 05:08 PM

Mahendren also said the same thing... via DM Android App

usaguy Monday, 04 July 2016 04:37 PM

please stay away from bond issues and other issues if you have any conflict of interest. like your connection to US scammer Rajaratnam. via DM Android App

kk Monday, 04 July 2016 03:47 PM

Wait and see via DM Android App

Ramsay Monday, 04 July 2016 03:36 PM

Like defunct Galleon Group?

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Politics, economics mixed up in SL: Indrajit

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