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Last updateTue, 12 Feb 2019 11am

Local News

The Prime Minister says loans are repaid and economy stabilized amidst various challenges


Prime Minister Ranil Wickremesinghe says the government has been able to repay loans and stabilize the economy amidst various challenges. Addressing an election rally in Nikaweratiya, he said the present regime took over a bankrupt economy without any future. According to him, excessive borrowing prevented the generation of income to repay the loans by 2013. He said therefore, the previous government went for a failed election bid in 2015 with the intention of establishing its power.

The Prime Minister also said a plan to develop the Wanni Hathpattu area would be formulated and implemented this year. He added that vocational training centers and a drinking water project for the area between Galgamuwa and Yapahuwa would be part of this plan.