INSUBCONTINENT EXCLUSIVE:
Nandalal Weerasinghe states that strong, independent organizations are the foundation for sustainable, inclusive and consistent growth for a
long period.Speaking during a panel conversation on the topic South Asias course to resistant growth arranged by the International Monetary
Weerasinghe said that Sri Lanka has moved in reverse in all its social signs due to the absence of strong organizations in the country.In
response to a question raised by Krishna Srinivasan, the Director of IMFs Asia - Pacific Department on how Sri Lanka can avoid getting
trapped by fragmentation, Dr
Nandalal Weerasinghe emphasized that the countries like Sri Lanka are impacted the most due to fragmentation.The CBSL chief, who discussed
that the only refinery in the country is run from Iranian oil further added that Sri Lanka needed to stop operations following the sanctions
on Iran by the U.S.Sri Lanka was impacted due to the failure to do trade settlement, he added, expressing that the nation pays high prices
for fuel due to the failure to make direct buy from Russia, owing to the Russia-Ukraine war
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