Clar­i­fi­ca­tion

Daily Mirror (Sri Lanka) - - BUSINESS NEWS -

In our story yes­ter­day ti­tled ‘This govt. best bet to­wards sus­tain­able growth: WAW’, we had er­ro­neously at­trib­uted to In­sti­tute of Pol­icy Stud­ies Act­ing Ex­ec­u­tive Direc­tor Dr. Dushni Weer­akoon: “Dr. Weer­akoon noted how the cur­rent fo­cus of the gov­ern­ment is to re­main in power through two up­com­ing elec­tions. She added that this might lead to sac­ri­fices in re­forms that are viewed as painful.”

Dr. Weer­akoon had in­stead said, “The gov­ern­ment will be at­tempt­ing to im­ple­ment the eco­nomic re­form pro­gramme mid­way through the elec­toral cy­cle. It is of­ten eas­ier to do so at the be­gin­ning. There is a pe­riod for the painful ad­just­ment costs and then the gains to work through over a four to fiveyear pe­riod, but we’re mid­way through an elec­toral cy­cle.”

It is in fact, for­mer Cen­tral Bank Deputy Gover­nor W.A. Wi­je­w­ar­dena who had said, “The gov­ern­ment is con­cerned only with a medium-term strat­egy to win the next two elec­tions.”

We re­gret the er­ror.

Newspapers in English

Newspapers from Sri Lanka

© PressReader. All rights reserved.