11 October 2022 12:56 pm
Contradicting Cabinet Spokesman Bandula Gunawardane, President's Media Division (PMD) said Sri Lanka will remain a middle-income country.
The PMD said in a statment that the government is pursuing a "reverse graduation" policy for a limited period of time.
Cabinet Spokesman Bandula Gunawardane told the weekly Cabinet briefing this morning that the cabinet of ministers had approved a proposal to downgraded Sri Lanka from a middle income to low income status.
The immediate rectification by the President's Office seems to show a rift between the Cabinet of Ministers and President Ranil Wickremesinghe.