Central Bank governor says essential economic policies must be implemented despite public opposition

Summarised by AI from 6 articles

Speaking at the University of Kelaniya on 1 November, Central Bank of Sri Lanka Governor Dr. Nandalal Weerasinghe said essential economic policies must be implemented regardless of whether the public supports them.

Weerasinghe warned that avoiding necessary policies based on public opinion could cause serious harm to the country. He noted that the Central Bank had already enforced strict measures and would not hesitate to introduce further necessary decisions.

Acknowledging that required tax increases could trigger protests and social instability, he stated that the government has a responsibility to clearly explain the economic impacts of tax adjustments to the public.

Weerasinghe added that timely implementation of unpopular but vital decisions had maintained relative economic stability amidst Sri Lanka's recent political and economic crises.

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