Banking on the future

Sri Lanka co-opts its banks (again) to kick start economic growth

The new government wants to get growth back to a level that befits the country’s promise. One key route is a moratorium on loans. The rating agencies loathe the idea, but the country’s leading bankers and economists give a broadly positive assessment.

Jackie Horne

February 17, 2020

Shortly after he became Prime Minister again on November 29 last year, Mahinda Rajapaksa invited the chief executives of the country’s banking sector to a meeting with his senior economics advisor and former central bank governor, Nivard Cabraal.

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