Sri Lankan President Gotabaya Rajapaksa has formed a professional panel to bail out his United States from an exceptional financial disaster characterized by shortages of essential goods and massive protests. A panel of eminent economists has been mandated to come up with a solution of $8. 6 billion dollars in debt and inflation, luring the IMF and various potential lenders.
The President’s Advisory Group on Multilateral Engagement and Debt Stability will include Indrajit Kumaraswamy, former Governor of the Central Bank of Sri Lanka and former Director of Financial Affairs at the Commonwealth Secretariat, an announcement issued from the Office of the President late on Wednesday said. Various members of the panel include former Senior Director of Improvement Economics at the World Bank, Shantha Devarajan and former Director of the IMF’s Institute of Capacity Development, Sharmini Coorey.
The announcement said, “Among the responsibilities the Presidential Advisory Group will undertake is to consult with relevant Sri Lankan institutions and interested officials with the IMF and provide guidance that will address the existing debt crisis and lead to sustainable and inclusive governance for Sri Lanka. Cure. “After Ali Sabri resigned on Tuesday, a day after appointing him, the President is only going to appoint a new finance minister.