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.