Sri Lanka Central Bank looks to generate long term sustained high economic growth

The Central Bank of Sri Lanka while creating balanced macroeconomic conditions capable of generating sustained and equitable economic growth over the medium-term plans to use opportunities created by the COVID-19 pandemic to plan for the longer-term, digitally-inclusive, technology-driven sustained high growth

Jan 05, 2021
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The Central Bank of Sri Lanka while creating balanced macroeconomic conditions capable of generating sustained and equitable economic growth over the medium-term plans to use opportunities created by the COVID-19 pandemic to plan for the longer-term, digitally-inclusive, technology-driven sustained high growth.

Presenting the "Road Map: Monetary and Financial Sector Policies for 2021 and Beyond" Monday, the Governor of the Central Bank Prof. W. D. Lakshman noted that like many other economies globally, the Sri Lankan economy was also severely affected by the mobility restrictions imposed to limit the spread of the pandemic, particularly during its first wave within the country.

While social distancing measures dampened economic activity, causing a significant reduction in Government revenues, the COVID-19 pandemic has also offered opportunities to address some of the long-standing structural weaknesses of the economy, the Governor of the Central Bank said.

http://www.colombopage.com/archive_21A/Jan04_1609780319CH.php

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