Nov 29, 2021

Cabraal dropped from Basil's Indian visit!

Finance Minister Basil Rajapaksa is scheduled to visit India in early December and it is learnt that Central Bank Governor - Ajith Nivard Cabraal has been dropped from the entourage, 'Mawrata' reports.

Instead, the minister has taken steps to include only the Secretary of the Finance Ministry and several other officials to the entourage.

Although Minister Rajapaksa is undertaking a visit to seek a solution for the country's economic woes, the exclusion of the CBSL governor is a sign of another internal dispute within the government ranks, 'Mawrata' adds.

Meanwhile, secretary to the President - Dr. P.B. Jayasundara, who is considered to be the economic adviser of the Rajapaksa family, recently stated that while Sri Lanka’s economy is getting from bad to worse with the US dollar crisis and import restrictions tightening up severely, the country is yet to witness days that are unimaginable.

He was speaking at a ceremony held at the Kingsbury Hotel between leading German brands and businessmen who are importing German brands to Sri Lanka.

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