CB Governor to nail Opposition canard on economy

Jayasiri MUNASINGHE

Central Bank Governor Ajith Nivard Cabraal said he will shortly respond to the false charges levelled by the Opposition that the economy has collapsed, to mislead the public.

Cabraal who is among the Presidential delegation to South Korea, in a telephone interview with the Dinamina said he rejects the false claims by the Opposition Leader and MPs that the Central Bank report was a statistical hoax and the per capita income had been calculated on a wrong basis.

"The economy recorded a six percent growth from 2005 to 2010 and for the first time in post independent Sri Lanka, an eight percent growth was achieved in 2010 and 2011," he said. The Central Bank Governor said the fruits of this growth were being enjoyed by the whole country. He said he would commence a programme to counter the wrong perceptions given about the economy in relation to economic growth , budget deficit, inflation, unemployment ratio, foreign reserves, investment, etc so that the true facts will be placed before the public.