Debt sustainability essential for fix; SJB supports right economic policy: Eran

• Published date: 09 August 2022
• Publication title: Daily Financial Times

The main Opposition SJB will extend support to the Government on its efforts to revive the country's economy, said MP Eran Wickramaratne on Sunday and expressed confidence and hope at the Government's early commitment to achieve debt sustainability.

MP Eran Wickramaratne

Wickramaratne said it was imperative for Sri Lanka to achieve this before reaching out to donors and noted 'standard prescriptions will not always work' given the state of the present predicament.

He averred it was imperative to avoid a banking crisis and underscored the importance of steering clear of solutions that could exacerbate such eventualities. He was referring to potential 'haircuts' for local debt.

'We cannot create another problem at the expense of solving an existing problem. We cannot afford to even give a signal about a banking crisis in the country when there is no such crisis and 'haircuts' on local debt cannot be entertained,' he stated.

Addressing a media briefing the SJB MP said the party would support the Government when they follow right policy especially for economic and financial matters. However, this could be done without accepting positions in...