Central Bank clarifies

 This refers to the front-page article published in ‘Mirror Business’ yesterday titled: “Sri Lanka’s approach to trade pacts too slow, ineffective: Governor”.
The Central Bank of Sri Lanka (CBSL) disapproves the headline and some of the contents of the above article covering the Governor’s remarks at the CINEC Convocation – 2017.
The Central Bank says at no time did Dr. Indrajit Coomaraswamy, the Governor state that Sri Lanka’s approach to trade pacts were too slow, ineffective.
In his remarks, the Governor indicated that the Government has put in place macroeconomic frameworks to stabilize the economy. In addition, reforms were being implemented to build a new growth model. He went on to refer to Government policies and programmes designed to support this growth model. He also indicated that while the Government’s plans were good the challenge now is to execute them. He also pointed out that it was necessary to implement them more quickly.