CB proves Ravi K is right!

Friday, 11 April 2014 01:47 -     - {{hitsCtrl.values.hits}}

On Wednesday UNP MP Ravi Karunanayake charged in Parliament that on the basis of the development projected by the Government and that there are no issues, Sri Lanka could be in a position to lend money to President Obama to solve the deficit in the US. The article in the Daily FT yesterday carrying Karunanayake’s comments drew the following response from a Central Bank official: “Sri Lanka indeed lends a substantial amount to the US by way of our investments in US Treasuries. Hence, we also help the US to finance its deficit.”