World-renowned economist and Nobel laureate Prof Joseph Stiglitz on Thursday urged Sri Lanka to tackle its foreign debt crisis which was impeding growth.
Speaking at a high—powered economic forum in Colombo, he said that the assistance of the World Bank and other multilateral agencies should be sought to find ways of easing the debt problem.
Stiglitz, during a panel discussion with Prime Minister Ranil Wickremesinghe and billionaire investor George Soros, suggested a tax on land and property to boost sagging tax revenues.
However this proposal was opposed by another panel of discussants in which Stiglitz did not take part. Sri Lanka says it is seeking the advise of international economists and experts to suggest a new development path for the country. (Bandula)
My acquittance with Chula goes back to 1976, 77 where Ananda Under 15 Soccer practices had in Cambel place, Chula was a brilliant mid fielder could kick the ball from both legs
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President Anura Kumara Dissaayake today announced a relief package for persons, including school children affected by the devastating landslides and floods.
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