Sri Lanka: Economic management will be taught to MPs in Sri Lanka, who are facing the brunt of debt, a separate institute will be formed

Posted on 20th Dec 2022 02:42 pm by rohit kumar

Sri Lanka, which has faced the worst economic crisis in history in the past, is now taking steps in haste. This debt-ridden country will now educate parliamentarians for economic and business decisions. For this, an institute will also be established in Sri Lanka.

 

A senior Sri Lankan official told that the cabinet has approved the proposal to set up the Economic and Trade Institute. This institute aims to educate parliamentarians and officials to help them take the right decisions on economic and business matters.

 

President Wickremesinghe had proposed

Sri Lankan cabinet spokesman Bandula Gunawardene said the proposal to set up the institute was moved by President Ranil Wickremesinghe and has been approved by the cabinet. The legal draftsman will begin the work of compiling a draft bill, he said.

 

The country was in debt due to wrong decisions

Let me tell you, earlier this year Sri Lanka was drowned in debt. Alam happened that the country saw the worst economic crisis in history. Inflation reached its peak here and people had become victims of starvation. Due to the rebellion, the government also had to suffer a change of power. Analysts say lawmakers were not sufficiently informed about the looming crisis, despite warnings from several quarters. Had the right decisions been taken around 2020, the crisis could have been avoided.

 

Also Read: After Srilanka-Pakistan, why has the economy of Bangladesh become crispy now?

Other news

Pakistan: How many days can Imran remain in custody, social media down, section 144 applicable in many areas, know everything

Former Prime Minister of Pakistan Imran Khan was arrested from the High Court of Islamabad on Tue

Israel-Hamas War: Summit of Arab leaders with Biden canceled, tension increases after attack on Gaza hospital

Tension in the Middle East may increase further after an attack on a hospital in Gaza amid the Is

Israel War: The Israeli army entered southern Gaza City, hospitals full of dead and injured; the UN Chief took a big step

Israeli soldiers reached the center of Khan Younis city in southern Gaza on Wednesday and fought

Farmer Protest: Not only in Delhi but also in these parts of the world, farmers came out on the roads with tractors, read what are their demands.

Indian farmers are once again on the streets with their demands. Farmers want to talk to the gove

Narendra Modi's election chariot: not just a campaign car, but a fort of facilities and security; Even bullets and bombs cannot harm PM

Prime Minister Narendra Modi recently conducted a road show in his parliamentary constituency&nbs

CSK vs RR: Vaibhav Suryavanshi touches Dhoni's feet after brilliant innings, ends IPL 2025 with blessings

Rajasthan Royals' young opener Vaibhav Suryavanshi touched Mahendra Singh Dhoni's feet and conclu

Virat Kohli: Kohli repeated the same mistake at the Oval even after five years, then got out on 49; Gavaskar strongly criticized

The Indian team has lost in the final of the ICC World Test Championship. Australia defeated him

Russia Ukraine War: Russia fired more than 120 missiles on Ukrainian cities, Ukrainian missile fell in Belarus

Ukrainian officials allege that Russia Thursday fired more than 120 missiles at other cities incl

Import From China: External Affairs Minister Jaishankar said- Imports from China increased due to the non-promotion of production by former governments

Foreign Minister S. Jaishankar responded to criticism about the growing business from China. On t

Cryptocurrency: Filecoin and Aster were the top gainers, know how the crypto market behaved in a week

US-based crypto exchange Kraken has halted its staking service and had to pay a US$30 million fin