Opposition Leader Sajith Premadasa has fully endorsed the appeal by international economists urging substantial debt relief for Sri Lanka in the wake of Cyclone Ditwah.
“I hope President Anura Kumara Dissanayake and his administration have the courage, wisdom, and capability to achieve these objectives,” Premadasa said in a post on ‘X’.
His remarks come after a group of 120 leading global economists, including Nobel laureate Joseph Stiglitz, inequality expert Thomas Piketty, and development scholar Jayati Ghosh, called for the immediate suspension of Sri Lanka’s external debt payments.
They stressed that the country, already burdened by repayments amounting to 25% of government revenues, cannot sustain its obligations…