PSC proposed to probe causes of SL economic crisis
The Committee on Public Enterprises (COPE) has recommended that a Special Parliament Select Committee be appointed to investigate the reasons for the present economic crisis, as well as all the officers who had neglected their duties to pave the way for the crisis.
COPE Chairman Professor Charitha Herath (MP) had said the decisions taken by a few had negatively impacted the entire country, and the investigation needs to be expedited considering the matter as a criminal act.
Appearing at the Committee on Public Enterprises, the Governor of the Central Bank, Dr. Nandalal Weerasinghe, said that when Sri Lanka approached the International Monetary Fund (IMF) and sought credit facilities by March-April 2020, they had stated in writing that Sri Lanka did not have Debt Sustainability at that time.
