Sri Lanka’s current economic situation is far from ideal, while vaccination Programs Island wide are picking up speed major industries such as tourism are yet to take off. Furthermore amidst the severe monetary instability Sri Lanka’s foreign currency reserves continues to deplete and the government has been forced to print new money in record amounts.
Assuming his new ministerial position previously held by his brother Prime Minister Mahinda Rajapaksa the new Minister of Finance Basil Rajapaksa has appointed 5 sub committee’s to present ‘right actions’ to help Sri Lanka’s economy.
The minister has also specified that these solutions must take into account or at least support the existing ban on chemical fertilizers and agrochemicals, a decision which has come under severe criticism from local farmers.
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