Managing the Impending Economic Crisis: Policy Corrections, Privatisation, Elimination of Corruption

No sensible policy maker, economist or politician will deny the fact that Sri Lanka, at present, is on the verge of a major economic crisis. The looming economic disaster, if not prudently managed, will drive the country to a negative territory in the international ratings making it extremely difficult to attract foreign portfolio and direct investment. Of late, the gravity of the situation has been highlighted by many prominent and respected economists. The following headlines that appeared in the recent print and social media is a clear indication to this fact. ‘Coming out of economic crisis: timing is running out for Sri Lanka,’ ‘Sri Lanka is on the doorstep of a public debt driven crisis,’ ‘The impact of the global financial crisis on Sri Lanka,’ ‘Financial crisis in Sri Lanka.’