Are We Serious ?

By Upatissa Pethiyagoda –

Dr. Upatissa Pethiyagoda

Despite the puzzling confusion by hopefuls making comforting noises, and the hopeless foretelling gloom, and hard times ahead, the juggernaut of State rolls on undaunted. Tragically, the Foreign Exchange Reserve position is bleak to an extent that we may be compelled (for the first time ever), to default in repayment of foreign loans, which apparently will lead to being declared not worthy of credit. This will be exacerbated by the possible denial of GSP+ exemptions. Earnings diminished by the certain decline of export crop yields, a ruined Tourism sector, displaced worker remittances from foreign workers and the crippling negative impacts of ‘Covid-19’. Many are near to being completely confused with ongoing “discussions,” liberally strewn with doses of Economist jargon – as would a drunk leaning against a lamp post- “more for support than for illumination”.

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