No chance of Lanka like situation in Bangladesh

Planning Minister MA Mannan yesterday ruled out the possibility of a Sri Lanka like situation in Bangladesh as the country's economic stability is still strong.

The Sri Lankan economy has been going through a massive crisis for the last few months due to mismanagement of its macroeconomic issues.

"I think there is no reasonable ground for directly comparing Sri Lanka's economy with that of Bangladesh," Mannan said. He was responding to queries from journalists after the weekly meeting of the Executive Committee of the National Economic Council at its office in Dhaka.

"However, we are carefully observing the opinions of local economists and researchers regarding Sri Lanka's economic situation," he added.

As an independent and sovereign nation, Sri Lanka can evaluate its own economic situation if necessary, Mannan said.

Free-thinkers and the media have been analysing the latest economic scenario of Sri Lanka. "But our government will not analyse Sri Lanka's economy," Mannan said.

However, the current context of Sri Lanka's economy is being discussed all over the country, including various business chambers.

For instance, a leader of a business chamber earlier brought attention to the possibility of replicating Sri Lanka's economic situation in Bangladesh due to the country's low revenue amid high spending to implement various mega projects.