Dr. Nandalal Weerasinghe, Governor of the Central Bank of Sri Lanka, cautioned that political and social uncertainties or reversals of economic reforms could derail the country’s policy trajectory, potentially leading to severe and lasting economic impacts.
Speaking at the 37th Annual Conference of the Organisation of Professional Associations of Sri Lanka, he emphasized the importance of maintaining macroeconomic stability and swift implementation of reforms to ensure long-term growth.
Dr. Weerasinghe highlighted that despite short-term pain, commitment from all stakeholders is crucial for sustainable economic development.
He also noted that the current sovereign debt crisis limits the government’s ability to drive growth through traditional fiscal measures.