SRI LANKA NEWS IN BRIEF – FEBRUARY  2019) – Compiled by Victor Melder State Finance Minister Eran Wickramaratne, Guest of Honour at the National Chamber of Commerce of Sri Lanka ( NCCSL) AGM recently said the political coup of October 26 last year cost the country in excess of 21 billion rupees. Reflecting on current economic developments he said that considering some reparation action taken by the government to correct the position of revenue which was 33 percent of GDP in 2008, this was drastically reduced to 12.6 percent of GDP by 2015. Wickremeratne added – ‘Inflation from 8.8 percent was brought down to 1 percent in November 2017. Financial progress was badly affected by the political coup of October 2018. The country faced the largest debt repayment in those few days amounting to 5.9 billion dollars. The impact of those few weeks was being consistently evaluated. Conditional loan repayment ...

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