Criticizing is easy, provide alternatives -CBSL Governor

(FASTNEWS | COLOMBO) – Governor of Central Bank of Sri Lanka Nandalal Weerasinghe says it is easy to criticize measures taken by authorities and those in power without providing any alternatives.

CBSL Governor Nandalal Weerasinghe said the decisions taken to seek support from the International Monetary Board, proposed reforms and tax revisions have been heavily criticized by several factions including the politicians and the general public.

The Governor said taking keen interest in such matters is commendable but requested those criticizing to provide alternatives.

Addressing an event organized to launch a report compiled by the Institute of Policy Studies on Sri Lanka’s economy, Governor of Central Bank of Sri Lanka Nandalal Weerasinghe stated that there will be no more second chances to stabilize the country’s economy.

He said during discussions held on restructuring Sri Lanka’s debt, creditors expressed willingness to support Sri Lanka.

The Governor said creditors also understand that Sri Lanka requires a stable economy and a strong banking sector to repay its loans.