Will lo­tus bud de­rail Sri Lanka’s eco­nomic re­form agenda?

Daily Mirror (Sri Lanka) - - SPORTS -

The lo­cal gov­ern­ment elec­tion up­set for the in­cum­bent coali­tion could spell doom for the coun­try’s eco­nomic re­form agenda if For­mer Pres­i­dent Mahinda Ra­japaksa loy­al­ist fac­tion’s Sri Lanka Po­du­jana Per­a­muna (SLPP) pushes its ad­van­tage in par­lia­ment, and the gov­ern­ment may have to sac­ri­fice some of its long-de­layed re­forms to main­tain power.

“There are sto­ries that a new gov­ern­ment will be formed. We don’t know which gov­ern­ment will come into play. If that hap­pens, the re­form pro­gramme would be com­pletely re­versed, which would not be good for the coun­try’s econ­omy in the long run,” said For­mer Cen­tral Bank Deputy Gov­er­nor W. A. Wi­je­w­ar­dena.

In the re­cent past he had said that de­spite the in­cum­bent gov­ern­ment’s short­com­ings, it was the best bet for en­act­ing the re­forms nec­es­sary to mod­ern­ize Sri Lanka’s econ­omy to at­tract for­eign di­rect in­vest­ment, en­hance skills and boost ex­ports.

“The gov­ern­ment, the main party, the UNP, will now have to look back and ex­am­ine it­self where it has gone wrong,” he said.

Un­less the par­lia­ment com­po­si­tion changes, there won’t be any ef­fect on the na­tional econ­omy, ac­cord­ing to Wi­je­w­ar­dena.

Na­tional Cham­ber of Com­merce of Sri Lanka Pres­i­dent Su­jeeve Sa­ma­raweera too echoed these sen­ti­ments, say­ing the lo­cal gov­ern­ment elec­tions re­sults it­self won’t have any im­me­di­ate im­pact on re­forms or do­ing busi­ness.

“Sta­bil­ity of course if the key; we will have to wait and see whether MPS cross­over,” he said.

Nu­mer­ous re­ports yes­ter­day said that the SLPP was al­ready at work, at­tempt­ing to form al­liances in par­lia­ment to call for a snap elec­tion through a res­o­lu­tion to par­lia­ment— to cir­cum­vent the con­sti­tu­tional road­blocks against a pre­ma­ture dis­so­lu­tion of par­lia­ment— to ride into power on the sup­port it cur­rently en­joys.

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