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» Cricket !
Postponing reforms will make Sri Lanka lag behind peers, central bank warns EmptyToday at 8:20 am by කිත්සිරි ද සිල්වා

» Happy Father's Day !
Postponing reforms will make Sri Lanka lag behind peers, central bank warns EmptyYesterday at 9:03 am by කිත්සිරි ද සිල්වා

» DPL.N0000 (Dankotuwa Porcelain PLC)
Postponing reforms will make Sri Lanka lag behind peers, central bank warns EmptyYesterday at 7:12 am by NIRMALSG

» Thread for News on CSE and SL Economy
Postponing reforms will make Sri Lanka lag behind peers, central bank warns EmptySat Jun 15, 2019 7:44 am by ruwan326

» Re: Financial reports Q1-2019
Postponing reforms will make Sri Lanka lag behind peers, central bank warns EmptyFri Jun 14, 2019 8:57 pm by dhanurrox

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Postponing reforms will make Sri Lanka lag behind peers, central bank warns EmptyFri Jun 14, 2019 8:11 am by puliyanam

» SEYB.N0000 ( SEYLAN BANK PLC )
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» NTB.N0000 (NATIONS TRUST BANK PLC)
Postponing reforms will make Sri Lanka lag behind peers, central bank warns EmptyThu Jun 13, 2019 8:08 pm by ruwan326

» PABC.N0000 (Pan Asia Banking Corporation PLC)
Postponing reforms will make Sri Lanka lag behind peers, central bank warns EmptyThu Jun 13, 2019 8:06 pm by ruwan326

» NDB.N0000 (NATIONAL DEVELOPMENT BANK PLC)
Postponing reforms will make Sri Lanka lag behind peers, central bank warns EmptyThu Jun 13, 2019 7:58 pm by ruwan326

» HNB.N0000 ( Hatton National Bank PLC)
Postponing reforms will make Sri Lanka lag behind peers, central bank warns EmptyThu Jun 13, 2019 7:57 pm by ruwan326

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» DFCC.N0000 ( DFCC BANK PLC )
Postponing reforms will make Sri Lanka lag behind peers, central bank warns EmptyThu Jun 13, 2019 7:45 pm by ruwan326

» COMB.N0000 ( COMMERCIAL BANK OF CEYLON PLC )
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» මිල සූත්‍රය වැරදුණාද, වැරැද්දුවාද?
Postponing reforms will make Sri Lanka lag behind peers, central bank warns EmptyThu Jun 13, 2019 9:21 am by ruwan326

» අනං මනං! #/+?.<>
Postponing reforms will make Sri Lanka lag behind peers, central bank warns EmptyThu Jun 13, 2019 8:07 am by ruwan326

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Postponing reforms will make Sri Lanka lag behind peers, central bank warns EmptySun Jun 09, 2019 12:15 pm by ruwan326

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» Dividend Announcement
Postponing reforms will make Sri Lanka lag behind peers, central bank warns EmptyTue Jun 04, 2019 4:13 pm by Rana

» In the Meantime, Within Our Shores !
Postponing reforms will make Sri Lanka lag behind peers, central bank warns EmptyMon Jun 03, 2019 2:14 pm by කිත්සිරි ද සිල්වා

» What to Analyse
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» Tolerance at its Best !
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Postponing reforms will make Sri Lanka lag behind peers, central bank warns EmptyTue May 28, 2019 8:03 am by කිත්සිරි ද සිල්වා

» සදහම් අටුවාව
Postponing reforms will make Sri Lanka lag behind peers, central bank warns EmptyTue May 28, 2019 7:07 am by ruwan326

» TPL.N0000 (TALAWAKALE PLANTATIONS )
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» Films - To Watch List
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» Is Burka prohibted ?
Postponing reforms will make Sri Lanka lag behind peers, central bank warns EmptyWed May 15, 2019 7:30 am by කිත්සිරි ද සිල්වා

» Thread for General News Local/Foreign
Postponing reforms will make Sri Lanka lag behind peers, central bank warns EmptyTue May 14, 2019 11:49 am by CK

» Fed Rate hike , Rs Devaluation PART 2 : Should CSE be like this? Whose FAULT is it?
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» NEST.N0000
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Postponing reforms will make Sri Lanka lag behind peers, central bank warns

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Postponing reforms will make Sri Lanka lag behind peers, central bank warns Empty Postponing reforms will make Sri Lanka lag behind peers, central bank warns

Post by The Invisible on Wed Oct 31, 2018 9:22 am

ECONOMYNEXT – Postponing planned economic reforms will make Sri Lanka more vulnerable to external and internal shocks and stall growth, causing the island to lag behind regional peers, the central bank has warned.

“It is important to facilitate private sector led growth with prudent, consistent and far reaching reforms that support increased productivity in the economy,” it said in its half yearly report on recent economic developments and prospects for 2019.

This was in the backdrop of tightening policy spaces in the monetary, fiscal and external fronts amid subdued economic performance, the central bank said.

“Recent experience has once again displayed the importance of strengthening the economy through structural transformation, while improving the country’s macroeconomic fundamentals,” it said.

“The postponement of much needed structural reforms will only lead to the Sri Lankan economy lagging behind its regional peers, amidst increased vulnerability to internal and external disturbances.”

Therefore, the central bank said, it is essential that such reforms are expeditiously implemented within a transparent framework for Sri Lanka to progress as an upper middle income economy where its human and physical resources are fully utilised in a more productive manner.

(COLOMBO, 31 October, 2018)
The Invisible
The Invisible

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