Sri Lanka’s Central Bank calls for ‘political stability’ as growth slows dramatically
The Central Bank of Sri Lanka called for “political stability” on the island, as growth of the economy slowed to the lowest level in 16 years.
"Political stability is essential for sustained growth and development," the bank said in a statement on Wednesday.
The Sri Lankan government has been in increasing turmoil since this year’s local elections, which saw former president Mahinda Rajapaksa’s party making sweeping gains across the south, as the ruling parties suffered heavy losses. Tensions have increased between the Sri Lankan President Maithripala Sirisena and Prime Minister Ranil Wickremesinghe, with the latter battling of a no confidence vote last month.


