Central Bank Governor Optimistic About Economic Recovery in Sri Lanka

The Governor of the Central Bank, Dr. Nandalal Weerasinghe, has expressed confidence in the recovery of Sri Lanka's economy, stating that positive signs are emerging and are expected to continue in the second half of the year and beyond.

In an interview with the foreign channel CNBC, Dr. Nandalal Weerasinghe highlighted that the government has taken necessary measures to ensure an uninterrupted supply of essential goods, thereby eliminating shortages. He further noted that import restrictions have been eased, allowing consumers greater access to vital commodities.

Assessing the current situation, Dr. Nandalal Weerasinghe stated, "Considering the previous situation and the current situation, there is no shortage of any essential food item. Also, the price of fuel and gas is going down now. The government has now released many import restrictions and is working to release more import restrictions in the future."

The central bank governor cited various indicators to support his optimism regarding the economy. He emphasized that consumer confidence has shown signs of improvement, backed by the strengthening of the Sri Lankan rupee and positive trends in the stock market price index. These factors, coupled with an increase in consumer appetite, are contributing to the revival of demand.

Dr. Nandalal Weerasinghe concluded by asserting, "So we can see the economic recovery in the second half of the year, and we think it will continue."