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)
Former President’s Secretary Saman Ekanayake was today remanded until February 11 by the Fort Magistrate in relation to the case where former President Ranil Wickremesinghe is alleged to have misused Rs. 16.6 million in state funds during a visit to the UK to attend his wife’s graduation ceremony at the University of Wolverhampton.
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A group of fishermen yesterday claimed that they were assaulted by Indian Coastal guards while returning back to Sri Lanka.
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