NandalalWeerasinghe

Sri Lanka's Governor Advocates for Debt-for-Nature Swaps to Secure Funding

30 days ago

In a significant statement made recently, Sri Lanka's Central Bank Governor, Nandalal Weerasinghe, expressed strong support for the innovative concept of debt-for-nature swaps as a viable solution for supporting the country’s funding needs. This approach aims to relieve Sri Lanka of its heavy debt burden while simultaneously promoting environmental sustainability and conservation efforts.

Deflation Offers a Glimmer of Hope for Struggling Sri Lankans, Claims Central Bank Governor

4 months ago

The Central Bank Governor of Sri Lanka has recently pointed out that the country may be experiencing deflation, which is likely to provide much-needed relief to its citizens as they navigate ongoing economic challenges. This unexpected turn in economic conditions comes at a time when many Sri Lankans are still grappling with the repercussions of a severe economic crisis that has affected their livelihoods and purchasing power.

Sri Lanka Keeps Rates Steady in First Meeting After Elections

7 months ago

The Central Bank of Sri Lanka has voted to keep its benchmark interest rates on hold, reflecting caution in monetary policy decisions in the wake of recent elections. In its first policy meeting since the election that has recast the country's political landscape, the bank decided to leave rates unchanged.