Dr Indrajit Coomaraswamy well known Economist has told a recently - TopicsExpress

Dr Indrajit Coomaraswamy well known Economist has told a recently held seminar in Colombo that Sri Lankan economy is now intergrated into global capital market compare to our position at the time of the global financial crisis in 2008.We are therefore more vulneranable to external risks. Since 2008 there were 5 govt Bond issues and with this intergration to global capital market Sri Lanka is more vulnerable to risks similiar to 2008 financial crisis. Sri Lankas external reserve is at US 8.2 Billion and recent $ 1 billion Bond issue has been put into reserve fund.The fiscal deficit is coming down and if the country can maintain this fiscal discipline we can reduce the vulnerability..I believe this is a very fair assessment of our economic management.

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