Dr. Nandalal Weerasinghe

Usually, it is said that after any economic crisis, an output loss occurs in that particular country. A certain amount of time is needed to recover that loss and get back to normal. I believe that we will be able to reach that 2018 level next year or, at most, the following year.

The total base money printed in 2021 was Rs. 344 billion, whilst the net basis reserve money issued in 2022 was below Rs. 40 billion.

By 2001, export earnings as a percentage of the gross national product stood at around 33%. It is now less than 15%.

An Extended Fund Facility (EFF) - which allows longer repayment periods - may be best suited to the country, it typically requires deeper structural reforms.