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President’s office says SL to remain middle-income country

12 October 2022 09:46 am - 0     - {{hitsCtrl.values.hits}}

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Contradicting Cabinet Spokesman Bandula Gunawardana, President’s Media Division (PMD) said Sri Lanka will remain a middle-income country.  

Contradicting Cabinet Spokesman Bandula Gunawardana, President’s Media Division (PMD) said Sri Lanka will remain a middle-income country.  The PMD said in a statement 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 downgrade 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.


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