Bond issue: Harsha accepts Bandula’s challenge

Published : 10:52 am  June 1, 2015 | No comments so far |  | 


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By Kelum Bandara
Deputy Minister of Economic Affairs Dr. Harsha de Silva has accepted the challenge thrown up by former Education Minister Bandula Gunawardane on the recent international sovereign bond issue .

Mr. Gunawardane said this bond issue had been made at an interest rate of 6.1 percent. He said it was the highest interest rate offered in a bond isdgssue.

Then, he he challenged either Finance Minister Ravi Karunanayake or Dr. de Silva for a public debate on the economic impact  of this bond issue. Accordingly, Dr. de Silva said he was ready for it. “I will explain what kind a mess they have created and the consequences  faced in dealing with the decisions taken at that time.  It will have massive consequences for so many years .What we do is to resuscitate the economy from this mess . I will  explain what the new government has in store ,” he said.