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Postponing reforms will make Sri Lanka lag behind peers, central bank warns EmptyToday at 6:10 pm by ruwan326

» Easter Sunday Attack and Sri Lanka
Postponing reforms will make Sri Lanka lag behind peers, central bank warns EmptyToday at 3:40 pm by ruwan326

» My Port Folio Bleeding But Its just the Begining Of..
Postponing reforms will make Sri Lanka lag behind peers, central bank warns EmptyYesterday at 7:40 pm by serene

» Thread for News on CSE and SL Economy
Postponing reforms will make Sri Lanka lag behind peers, central bank warns EmptyYesterday at 1:49 pm by ruwan326

» සදහම් අටුවාව
Postponing reforms will make Sri Lanka lag behind peers, central bank warns EmptyYesterday at 6:52 am by ruwan326

» HNB.N0000 ( Hatton National Bank PLC)
Postponing reforms will make Sri Lanka lag behind peers, central bank warns EmptyFri May 17, 2019 9:54 pm by dhanurrox

» Re: Financial reports Q1-2019
Postponing reforms will make Sri Lanka lag behind peers, central bank warns EmptyFri May 17, 2019 7:53 pm by dhanurrox

» Sri Lanka mulls 25-pct ownership limit in finance companies
Postponing reforms will make Sri Lanka lag behind peers, central bank warns EmptyFri May 17, 2019 3:40 pm by Backstage

» Searing Heat in China Is Causing Havoc for Rubber Makers
Postponing reforms will make Sri Lanka lag behind peers, central bank warns EmptyFri May 17, 2019 2:43 pm by Backstage

» COMB.N0000 ( COMMERCIAL BANK OF CEYLON PLC )
Postponing reforms will make Sri Lanka lag behind peers, central bank warns EmptyThu May 16, 2019 8:00 pm by hammurabi

» Dividend Announcement
Postponing reforms will make Sri Lanka lag behind peers, central bank warns EmptyWed May 15, 2019 6:42 pm by Rana

» Israeli spyware breached WhatsApp security
Postponing reforms will make Sri Lanka lag behind peers, central bank warns EmptyWed May 15, 2019 7:47 am by කිත්සිරි ද සිල්වා

» Is Burka prohibted ?
Postponing reforms will make Sri Lanka lag behind peers, central bank warns EmptyWed May 15, 2019 7:30 am by කිත්සිරි ද සිල්වා

» Thread for General News Local/Foreign
Postponing reforms will make Sri Lanka lag behind peers, central bank warns EmptyTue May 14, 2019 11:49 am by CK

» Fed Rate hike , Rs Devaluation PART 2 : Should CSE be like this? Whose FAULT is it?
Postponing reforms will make Sri Lanka lag behind peers, central bank warns EmptyFri May 10, 2019 7:15 pm by Backstage

» NEST.N0000
Postponing reforms will make Sri Lanka lag behind peers, central bank warns EmptyThu May 09, 2019 7:54 pm by ruwan326

» What to Analyse
Postponing reforms will make Sri Lanka lag behind peers, central bank warns EmptyThu May 09, 2019 5:53 pm by Ethical Trader

» Sweden-based Tundra Fund says Colombo bourse at lowest levels since 2009
Postponing reforms will make Sri Lanka lag behind peers, central bank warns EmptyWed May 08, 2019 5:43 pm by serene

» Telenor and Dialog Axiata's parent in talks to merge Asian businesses
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» සුබ පාස්කූ මංගල්ලයක් වේවා !
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» In the Meantime, Within Our Shores !
Postponing reforms will make Sri Lanka lag behind peers, central bank warns EmptyThu May 02, 2019 11:27 am by Ethical Trader

» LLUB.N0000 (CHEVRON LUBRICANTS LANKA PLC)
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» Thread for News on Local and Foreign Politics
Postponing reforms will make Sri Lanka lag behind peers, central bank warns EmptyFri Apr 26, 2019 8:18 am by කිත්සිරි ද සිල්වා

» how to access internet ?
Postponing reforms will make Sri Lanka lag behind peers, central bank warns EmptyFri Apr 26, 2019 7:55 am by කිත්සිරි ද සිල්වා

» SERV - The Kingsbury
Postponing reforms will make Sri Lanka lag behind peers, central bank warns EmptyThu Apr 25, 2019 9:26 am by ruwan326

» Lessons from movies
Postponing reforms will make Sri Lanka lag behind peers, central bank warns EmptyTue Apr 23, 2019 8:26 am by කිත්සිරි ද සිල්වා

» DFCC.N0000 ( DFCC BANK PLC )
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» Happy Birthday
Postponing reforms will make Sri Lanka lag behind peers, central bank warns EmptySun Apr 21, 2019 8:13 pm by Rana

» Little Known Facts !
Postponing reforms will make Sri Lanka lag behind peers, central bank warns EmptySun Apr 21, 2019 9:27 am by කිත්සිරි ද සිල්වා

» හීන්බන්ඩාගේ රැකියාව ඇසූ පසු පොලිස් නෝනලාට තරු පෙනුනා
Postponing reforms will make Sri Lanka lag behind peers, central bank warns EmptySat Apr 20, 2019 10:07 am by ruwan326

» HASU.N0000 (HNB ASSURANCE PLC)
Postponing reforms will make Sri Lanka lag behind peers, central bank warns EmptyThu Apr 18, 2019 6:05 pm by Ethical Trader

» EAST WEST PROPERTIES PLC (EAST.N0000)
Postponing reforms will make Sri Lanka lag behind peers, central bank warns EmptyThu Apr 18, 2019 6:02 pm by Ethical Trader

» අසිරිමත් සුබ නව වසරකට ආසිරි !
Postponing reforms will make Sri Lanka lag behind peers, central bank warns EmptyWed Apr 17, 2019 6:33 pm by hammurabi

» SEYLAN DEVELOPMENTS PLC (CSD.N0000)
Postponing reforms will make Sri Lanka lag behind peers, central bank warns EmptyFri Apr 12, 2019 8:55 am by yellow knife

» East West properties
Postponing reforms will make Sri Lanka lag behind peers, central bank warns EmptyFri Apr 12, 2019 5:27 am by dhanurrox

» HHL.N0000 ( Hemas Holdings PLC)
Postponing reforms will make Sri Lanka lag behind peers, central bank warns EmptyTue Apr 09, 2019 8:04 pm by NIRMALSG

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Postponing reforms will make Sri Lanka lag behind peers, central bank warns EmptyMon Apr 08, 2019 5:31 am by Ethical Trader

» CONN.N0000
Postponing reforms will make Sri Lanka lag behind peers, central bank warns EmptySun Apr 07, 2019 3:15 pm by NIRMALSG

» LION.N0000 (Lion Brewery Ceylon PLC)
Postponing reforms will make Sri Lanka lag behind peers, central bank warns EmptySun Apr 07, 2019 8:52 am by ruwan326

»  5000 Post Milestone - Congratulations
Postponing reforms will make Sri Lanka lag behind peers, central bank warns EmptyFri Apr 05, 2019 9:07 pm by Ethical Trader

» NTB.N0000 (NATIONS TRUST BANK PLC)
Postponing reforms will make Sri Lanka lag behind peers, central bank warns EmptyFri Apr 05, 2019 1:37 pm by Ethical Trader

» Micro Finance
Postponing reforms will make Sri Lanka lag behind peers, central bank warns EmptyFri Apr 05, 2019 12:14 pm by yellow knife

» REXP.N0000 ( RICHARD PIERIS EXPORTS PLC)
Postponing reforms will make Sri Lanka lag behind peers, central bank warns EmptyFri Apr 05, 2019 7:40 am by serene

» PLC.N0000 ( People's Leasing and Fiance PLC)
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» VPEL.N0000 (VALLIBEL POWER ERATHNA PLC )
Postponing reforms will make Sri Lanka lag behind peers, central bank warns EmptyWed Apr 03, 2019 3:40 pm by catseye

» SAMP.N0000 (SAMPATH BANK PLC)
Postponing reforms will make Sri Lanka lag behind peers, central bank warns EmptyTue Apr 02, 2019 12:38 pm by malanp

» Sinhala Cinema
Postponing reforms will make Sri Lanka lag behind peers, central bank warns EmptyTue Apr 02, 2019 12:31 pm by yellow knife

» SEYB.N0000 ( SEYLAN BANK PLC )
Postponing reforms will make Sri Lanka lag behind peers, central bank warns EmptyTue Apr 02, 2019 11:23 am by Backstage

» LIOC.N0000 (Lanka IOC PLC)
Postponing reforms will make Sri Lanka lag behind peers, central bank warns EmptyTue Apr 02, 2019 11:15 am by LSE

» NDB.N0000 (NATIONAL DEVELOPMENT BANK PLC)
Postponing reforms will make Sri Lanka lag behind peers, central bank warns EmptyTue Apr 02, 2019 11:11 am by Backstage

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Postponing reforms will make Sri Lanka lag behind peers, central bank warns

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Postponing reforms will make Sri Lanka lag behind peers, central bank warns Empty Postponing reforms will make Sri Lanka lag behind peers, central bank warns

Post by The Invisible on Wed Oct 31, 2018 9:22 am

ECONOMYNEXT – Postponing planned economic reforms will make Sri Lanka more vulnerable to external and internal shocks and stall growth, causing the island to lag behind regional peers, the central bank has warned.

“It is important to facilitate private sector led growth with prudent, consistent and far reaching reforms that support increased productivity in the economy,” it said in its half yearly report on recent economic developments and prospects for 2019.

This was in the backdrop of tightening policy spaces in the monetary, fiscal and external fronts amid subdued economic performance, the central bank said.

“Recent experience has once again displayed the importance of strengthening the economy through structural transformation, while improving the country’s macroeconomic fundamentals,” it said.

“The postponement of much needed structural reforms will only lead to the Sri Lankan economy lagging behind its regional peers, amidst increased vulnerability to internal and external disturbances.”

Therefore, the central bank said, it is essential that such reforms are expeditiously implemented within a transparent framework for Sri Lanka to progress as an upper middle income economy where its human and physical resources are fully utilised in a more productive manner.

(COLOMBO, 31 October, 2018)
The Invisible
The Invisible

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