The recent downgrading of the Sri Lankan sovereign credit ratings reflects an increasingly challenging external debt repayment position of the country over the medium term. The sharp rise in the sovereign debt-to-GDP ratio associated with the coronavirus shock and narrowing financing options have intensified debt sustainability risks of the nation. Observing this current economic situation, the third webinar on “Credit Ratings & Sri Lankan Economy” was organized by the Research Centre for Business Economics and Development Studies (RCBEDS) of the Department of Business Economics. This was virtually held from 7.00 pm onwards on Thursday, 21st January, 2021 via Zoom.
Dr. W.A. Wijewardene (Former Deputy Governor, Central Bank of Sri Lanka) and Mr. Nuwan Jayewardene (Associate Director, Acuity Knowledge Partners) participated as the eminent panelists for this online forum. The moderator of the session was Prof. P.J. Kumarasingha, Professor of the Department of Business Economics. The event was organized under the guidance of Dr. (Mrs.) M.A.K. Sriyalatha (Director-RCBEDS).
The event was well-received by an audience of over 200 participants including the academic staff of the Faculty, undergraduates and postgraduate students, alumni members of the Department and the participants from the industry. It was successfully broadcast live on Facebook.