Pallewatte says country urgently needs USD 10 billion to come out of current economic mess
Presidential candidate of the National Development Front Dr. Rohan Pallewatte, addressing a rally at Rabindranath Tagore Hall, Matara, last Sunday, said the country urgently needed at least 10 billion USD to address the present precarious economic situation facing it.
Pallewatte said that he had already negotiated with foreign investors to invest at least 4 billion USD in the country. “Corruption which was rampant during the past two regimes has led to loss of investor confidence that contributed to the present economic woes,” said Pallewatte.
He said that the present national security problem could not be addressed outside the economic context. “The present economic insecurity and economic instability are two sides of the same coin. Therefore it is important to find speedy solutions to the pressing economic issues of the people”, Pallewatte stressed.
Noting that none of the main stream candidates had answers to the problems facing the country, he pointed out that it was imperative to have a sound foreign policy and to negotiate with the foreign leaders on an equal footing. “For this you should be a person of some stature acceptable to the international community, and have a clean track record”, Pallewatte said. (PC)
(Source: The Island)
Latest Headlines in Sri Lanka
- Sri Lanka advances economic reforms as IMF review approaches October 25, 2024
- Tension at Pamunugama Police Station over alleged assault on arrested youths October 25, 2024
- Three Chinese nationals arrested in Galle for suspected online financial fraud October 25, 2024
- INSS hosts lecture on military innovations and their impact on national security October 25, 2024
- Sri Lanka arrests three over security threats against Israeli tourists October 24, 2024
Dr Pallewatte’s economic theory is excellent.
He requires USD 10 billion to fix the economy but has only been able to get USD 4 billion, so far.
He should employ Cabraal in the Central Bank so that the USD 4 billion can be used for speculation in the Greek Bond Market to make the USD 4 billion grow to USD 40 billion in a couple of days.
Dr Pallewatte’s dream will be exceeded !!!