Unsuccessful financial administration harming country  fmr. SEC chairman

Unsuccessful financial administration harming country fmr. SEC chairman

August 6, 2015   12:22 am

Former Chairman of the Securities Exchange Commission of Sri Lanka (SEC) Dr Nalaka Godahewa says that the country is heading towards a grave danger due to unsuccessful financial administration. 

He says that within the country’s political history of 67 years after independence,  the highest economic growth has been recorded within the past 9 years. 

The two major problems which had existed in the country, namely the 30-year long war and the economy received solution during the rule of Mahinda Rajapaksa, he told reporters at a press conference today. 

However, he says that the country’s economy has completely collapsed within the past 6 months and that all development activities have come to a halt.  Dr Godahewa also claims that this has resulted in a situation where the country is not receiving long-term investments.

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