President Gotabaya Rajapaksa yesterday instructed the officials of the Central Bank of Sri Lanka (CBSL) to prepare a post-COVID-19 economic strategy to minimize the possible economic downturn due to the closure of all economic activities due to coronavirus.
The instructions have been given during a discussion held between the President Rajapaksa and CBSL Governor and other respective senior central bank officials. During the discussion, attention was focused on minimizing the overall economic impacts to the country due the deadly virus outbreak.
However, President Rajapaksa has instructed the Governor to take necessary steps to keep all banks open during the crisis period. Further, the discussions were also aimed at assessing the emerging macro-economic conditions due to the impact of COVID-19 pandemic.
The measures taken by the CBSL to manage the operations of the Bank to provide liquidity and access to finance were also discussed during this meeting. The President also inquired into the issues connected with the management of Foreign Exchange Budget and external reserves.
He urged the CBSL officials to ensure that maximum confidence building measures are taken for the investors in the Sri Lanka Sovereign Bonds. Secretary to the Treasury, the CBSL Governor and its three Deputy Governors, Assistant Governor in Charge of Bank Supervision and Director of Information Technology participated at the discussion.
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