President pooh-poohs opposition allegation on economy

President Maithripala Sirisena has stated that there is not even an iota of truth that the country’s economy is in crisis. Instead there is progress now following the stabilisation and revival measures put in place since the election of the coalition Government.

He was addressing the Editors and Heads of Media. He added that his main message for people in the New Year (Sinhala-Tamil) is that we are not heading for an economic crisis. The economy is sound and getting stronger and progressive.

He explained that the foreign reserves of over $ 5 billion, positive sentiments from the World Bank and the International Monetary Fund and growing exports with record prices achieved by tea, rubber and coconut as leading indicators. Producers of these crops as well as rice were benefitting though he had some concern over the impact on consumers.

He dismissed the allegation that the current Government is selling the country to foreigners and stated that nothing has been sold or given to foreigners. All agreements will be beneficial to Sri Lanka.

“Let me emphasise that the biggest betrayal (by President Rajapaksa) was allowing the development of the Port City on a freehold basis. After we came to office, we negotiated with China and made it leasehold,” he stressed.






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