Nivard Cabraal: Latest News

Gota simply let things happen – Cabraal

COLOMBO (News 1st) – Sri Lanka's Former Central Bank Governor Ajith Nivard Cabraal said that Former President Gotabaya Rajapaksa simply let things happen during his tenure as the Head of State.Speaking to News 1st's 10 Questions program the Former Head of the Central Bank said he too believed that the Former President should have conducted himself differently, and that could have changed the fate of the country."An unexpected person is now the President.

So, I think the Former President let things happen," said Cabraal.He further noted that the Former Cabinet of Ministers were completely aware of the economic crisis that country was in, and reprimanded those who claim that the cabinet was kept in the dark over these matters.Watch the Full Program Here:  

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Charitha Herath - Nivard Cabraal - Nandalal Weerasinghe - COPE wants reasons for economic crisis investigated - - Sri Lanka
COPE wants reasons for economic crisis investigated
COLOMBO (News 1st); Sri Lanka’s Parliamentary Watchdog, the Committee on Public Enterprises has recommended that a Special Parliament Select Committee be appointed to investigate the reasons for the present economic crisis, as well as all the officers who had neglected their duties to pave the way for the crisis.COPE Chairman Professor Charitha Herath (MP) had said the decisions taken by a few had negatively impacted the entire country, and the investigation needs to be expedited considering the matter as a criminal act.Appearing at the Committee on Public Enterprises, the Governor of the Central Bank, Dr. Nandalal Weerasinghe, said that when Sri Lanka approached the International Monetary Fund (IMF) and sought credit facilities by March-April 2020, they had stated in writing that Sri Lanka did not have Debt Sustainability at that time.Therefore, the then Secretary to the Ministry of Finance and the Governor of the Central Bank had been informed in writing that the existing loans would have to be restructured in order to obtain credit facilities, he said.Accordingly, after the relevant technical discussions were carried out under the Finance Act, the Monetary Board of the Central Bank recommended the relevant technical matters to the Minister of Finance and other senior officials, the Governor of the Central Bank said adding that the relevant decisions are made by the Cabinet including the Minister of Finance.The then Minister of Finance had never addressed Parliament and Ajith Nivard Cabraal, who was speaking in Parliament on his behalf, had not informed Parliament of this fact, MP Dr.
Gotabaya Rajapaksa - Ranil Wickremesinghe - Temple Trees - Nivard Cabraal - President Chairs All-Party Conference, says it’s not a political charade - - Sri Lanka
President Chairs All-Party Conference, says it’s not a political charade
COLOMBO (News 1st); The All-Party Conference is not a mere political charade, stressed Sri Lankan President Gotabaya Rajapaksa on Wednesday (23) while chairing the much-awaited APC at Temple Trees in Colombo.“This All-Party Conference, with representations from the ruling faction and the opposition, was organized to reach solutions in unison for the issues that we face today,” said the President.President Rajapaksa said all politicians are duty-bound to find solutions to the issues that the country is facing today.He urged the political party representatives to be determined to work together to solve the issues that are plaguing the country.Central Bank Governor Ajith Nivard Cabraal who was also present for the meeting said Sri Lanka is facing a serious economic crisis, like most other countries in the world, and when the pandemic struck some countries had a strong foundation and others were not that fortunate.He once again confirmed the Sri Lankan government’s intentions of working with the International Monetary Fund for financial assistance.Former Sri Lankan Prime Minister Ranil Wickremesinghe, however, snapped back at the Central Governor for opening his remarks by saying the former government was responsible for the crisis, at a time when parties have come forward for the APC casting aside differences.“What would happen if I respond? Then another person will have to respond.