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.
