Daily Mirror (Sri Lanka)

Urgent need for e-waste management in Sri Lanka Military-run businesses may cause problems if compete: CB official


Competitio­n between civilian and military-run businesses may have an adverse impact on the wider economy, according to Central Bank of Sri Lanka (CBSL) Deputy Governor, Dr. Nandalal Weerasingh­e.

Responding to a query regarding the military’s contributi­on towards growth statistics of the Northern Province, Weerasingh­e reiterated the wider importance of the military in terms of catalyzing developmen­t in the region.

“It would have been highly likely that the developmen­t of the Northern and Eastern province would have been delayed by as much as 5 years if the military had not been directed towards reconstruc­tion in these areas.

“They were brought in at a time when the private sector was still very reluctant to establish themselves and so they went in immediatel­y and filled a crucial gap and I believe this is a very productive use of their resources and capabiliti­es.” Weerasingh­e asserted.

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 ??  ?? Dr. Nandalal Weerasingh­e
Dr. Nandalal Weerasingh­e

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