Sri Lanka Policy Steps Delivering Planned Results, Cabraal Says

Sri Lanka’s measures to improve its balance of payments and control the trade deficit are delivering results as planned, Ajith Nivard Cabraal, governor of the Central Bank of Sri Lanka, said today.

Cabraal spoke in an interview in his office in Colombo.

On policy measures:

“We are confident that the measures will take us through to the end of the year. The policy structure is well in place and delivered what we planned. What we did was preparing ourselves for 2013 and it is well on course.

“2012 seems to be well on track to deliver what we had planned, the balance of payments in surplus, and the trade deficit being controlled.”

On growth:

“Since there’s been a drought, there has been some concern that adjustment may be needed in the growth numbers. Even if so, it may not be much.”

To contact the reporter on this story: Anusha Ondaatjie in Colombo at anushao@bloomberg.net

To contact the editors responsible for this story: Hari Govind at hgovind@bloomberg.net; Stephanie Phang at sphang@bloomberg.net

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