Sri Lanka: we deserve a ratings upgrade

Sri Lanka’s Central Bank Governor Ajith Nivard Cabraal explains why his country’s credit rating should be two notches higher.
Ajith Nivard Cabraal
Ajith Nivard Cabraal

There have been some big improvements in the Sri Lankan economy since the civil war ended in 2009. How was that achieved 


Many countries squander their peace dividend but not Sri Lanka. Macro-economic fundamentals are now benign and there’s a huge infrastructure drive. We’ve had to take some tough measures though. Inflation had to be tamed and it took at least three years before people began to realise it would stay that way.

Sri Lanka had been a high inflation country for a very long time and changing that mindset has been one of our most important achievements. 

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