By Uditha Jayasinghe
A confident Central Bank Governor Dr. Indrajit Coomaraswamy yesterday promised to “give his absolute best shot” to restore the institution’s credibility, increase transparency in the bond market and stabilise macro-economic fundamentals to achieve growth in Sri Lanka.
Giving his evaluation on Sri Lanka’s post-independence economic fortunes, Dr. Coomaraswamy noted that for the first time in 50 odd years Sri Lanka did not have a “drag” in terms of a conflict or regressive policies on its economy.
As Sri Lanka is poised for a fresh leap of development, the new Central Bank Governor insisted it was the responsibility of his institution to provide the foundation for the country to leverage its geographical location and strong relations with other nations to attract investment to foster stronger growth.
“Sri Lanka has the potential to make a great leap forward in terms of its development trajectory. If you look at the last 50 years, you can argue that this is probably the best chance we have had,” he said, adding, “we have excellent relations with all countries now and we have an excellent opportunity to leverage our strategic location to our advantage.”