“If there is no political stability, 10 to 12 hours of power cuts, more fuel shortages in the next two days” CBSL

0

The Governor of the Central Bank of Sri Lanka (CBSL) has issued a grave warning about the country’s economic crisis.

Dr Nandalal Weerasinghe said if the current situation in Sri Lanka continues in the coming days, with no government in place, things could get worse in the country.

“If the current situation continues in the next two days, we could have power cuts of 10 to 12 hours a day, massive shortages of fuel and other essential items further aggravating the current situation,” he said. he declares.

The CBSL Governor pointed out that it is extremely difficult to revive an economy in a country where law and order is not maintained.

He said that without a cabinet or finance minister, Sri Lanka would not be able to proceed with debt restructuring and negotiations with the International Monetary Fund (IMF).

Dr. Weerasinghe thus underlined that political stability is essential in a country.

He also warned that he would step down from his appointment if political stability was not established in Sri Lanka within a week or two.

“I assumed this responsibility with the expectation that political stability will be established within two weeks of the Mirihana incident. It’s been over a month with no progress. I do not wish to continue in this position if political stability is not achieved,” he added.

Dr. Nandalal Weerasinghe assumed the role of Governor of the Central Bank of Sri Lanka in the midst of a severe economic crisis.

Sri Lanka has started talks with the International Monetary Fund (IMF) under his leadership.

However, the unrest that erupted in Sri Lanka on Monday has led to political instability further affecting the country’s already weakened economy. (NewsWire)



Source link

Share.

Comments are closed.