There will likely be another Domestic Debt Optimisation (DDO) process if the targets of the current one are not achieved, Central Bank (CB) Governor, Dr. Nandalal Weerasinghe told a top forum on Friday morning.
"Someone asked me this morning it's there will be another DDO. There could be if we deviate from the current DDO," he told CFA CEO Forum - Rebooting Sri Lankan Economy delivering the keynote address.
He added the fiscal policy, structural reforms and the growth path need to move in tandem with the DDO. He also emphasised on the banks bringing lending rates down to stimulate the economic recovery.
He said by month end there will be single digit inflation at 7 per cent. (DEC)
The Department of National Zoological Gardens is readying enclosures to quarantine two large tortoises that were found stranded 15 kilometers westwards off Pitipana Negombo, today.
The Customs Department said it will be publish the names of institutions and individuals who violate customs laws and commit tax fraud by uploading the information on its official website www.customs.gov.lk.
A board of inquiry has been appointed to investigate the death of a student at the University of Sabaragamuwa, reportedly linked to a ragging incident.
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