
Central Bank Governor Dr. Nandalal Weerasinghe highlighted the importance of restructuring the country's debt, noting that it paved the path for lower debt servicing obligations by the government, thereby enabling the private sector to have more access to credit and resources essential for growth. During his first interview with Indeewari Amuwatte 'At HydePark' following the IMF's approval of the 2nd tranche of the Extended Fund Facility programme to Sri Lanka, the Central Bank Chief refuted claims that the Sri Lankan Government is imposing conditions set out by the International Monetary Fund. He said the reform programme implemented to overcome the crisis is fully owned by the Sri Lankan government and that the IMF is only monitoring progress to provide assurances that the programme is feasible. Speaking further, Dr. Weerasinghe assured the public that the country which was on the verge of collapsing is now on the right path and the year 2024 and beyond will have more positive results in terms of economic growth and stabilisation.