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

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.