Central Bank to project true picture of economy

The Central Bank of Sri Lanka has observed an aggressive and well-funded misinformation campaign being carried out by various groups with dubious agendas, locally and internationally to tarnish the political image and true economic successes of Sri Lanka.

Central Bank sources said that if such a campaign continues without a counter campaign to correct the misconceptions it may create a detrimental image of Sri Lanka and erode the growing confidence of international investors in Sri Lanka. Since such an outcome would adversely affect the country's economy and and financial stability, the Central Bank has embarked upon a local and international awareness program to refute such misinformation and to provide the factual position of the economy and the political environment to all stakeholders.

The Central Bank has secured the services of an international firm to assist in conveying the true and factual position regarding Sri Lanka and its economy, particularly in the USA.

Such an endeavour will be particularly significant, since the USA is a major market for Sri Lankan exports, while US investors have made substantial foreign direct investments and are the leading holders of Sri Lankan bonds.