The Central Bank of Sri Lanka has submitted a proposal to the government to save the country from the economic crisis.
The Monetary Board of the Central Bank of Sri Lanka has presented the proposal with eight aspects and requested the Government to consider it expeditiously.
The proposal includes increase in fuel and electricity tariffs, increase taxes and increase government revenue, postpone non-essential capital projects, discourage non-emergency imports, further encourage foreign remittance and investment, expedite access to renewable energy, obtain fast non-debt foreign exchange and expeditious sale of utility assets.
The Central Bank of Sri Lanka has stated that the government should implement the above proposals to support the measures taken by the Central Bank to overcome the current economic challenges.
