COLOMBO (News 1st) – 'Stabilization is a very very painful process', was a statement made by the Governor of the Central Bank Dr.
Nandalal Weerasinghe at this morning's (25) launch of the report on the 'state of the economy' published by the Institute of Policy Studies (IPS).
The report contains national policy frameworks for recovery and policy adjustments for stabilization that were tabled and discussed by the board of the IPS and the Governor.
The Governor pressed that a meaningful discussion on the potential path towards recovery with an intellectual community was important in seeking new alternatives and suggestions for policy frameworks.Inflation was a topic that was given particular weight during the discussion.