Progress on policy offset by shocks from bad weather – CBSL governor
Sri Lanka suffered from both droughts and floods in 2017
The Sri Lankan economy had a difficult 2017, but new policy measures are helping move the country towards stability, according to central bank governor Indrajit Coomaraswamy.
Bad weather had a particularly strong impact in 2017, the governor said, as he presented the central bank’s latest ‘roadmap’. “The drought and floods disturbed agriculture activities and agro-based industrial activities. Spillover effects of these adverse weather conditions impacted the other sectors of the economy as well
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