Peeling Back the Curtain: President Wickremesinghe's Economic Mirage

-By Shantha Jayarathne

(Lanka-e-News -08.Aug.2023, 11.30PM) In the shadowy realm of economic management, Sri Lanka's President Ranil Wickremesinghe has been orchestrating a masterful charade. Recent claims of economic progress are nothing but a well-crafted illusion, designed to mislead and divert attention. Let's lift the veil on this calculated deception.

Smoke and Mirrors: Unmasking False Triumph

The President's administration revels in showcasing minor economic shifts, claiming victories that are more smoke than substance. However, beneath the surface, the reality is starkly different. The crux of these changes lies in stringent financial controls wielded by the Central Bank of Sri Lanka. The question remains – why the need for sleight of hand?

Distorted Reality: Manipulating Data to Mislead

The strategy is simple: cherry-pick data, manipulate numbers, and present an alternate reality. By artfully showcasing modest improvements, the government obscures the elephant in the room – soaring inflation levels that continue to impact citizens. This calculated misinformation keeps the public in the dark about the actual impact of these policies on their lives.

Central Bank Puppetry: Unveiling the Puppetmaster

The driving force behind this elaborate facade? The Central Bank's tight grip on the nation's economic levers. Their interventions artificially suppress inflation rates, allowing the government to parade these minuscule wins. But let's not be fooled. The real questions are hidden behind the curtains – are these tactics sustainable? Do they address the root issues?

Unveiling the Hidden Agenda

The President's government has a vested interest in selling an image of economic success. But what lies beneath? A foundation built on quick fixes, a mere illusion of stability. This deceptive narrative denies us the chance to fully comprehend the depth of the challenges we face. Let's see through the smokescreen and demand transparency.

Beyond the Illusion: Seeking the Truth

The glimmer of progress fades when we shine a light on it. Let's unravel the threads of deception and demand genuine accountability. It's time for us, as responsible citizens, to break free from the illusions and demand a truthful perspective. The path to a brighter future starts with seeing through the haze.

-Shantha Jayarathne

Former Senior Consultant
Sri Lanka Institute of Development Administration

by     (2023-08-08 20:05:34)

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