CA Sri Lanka President says higher growth outweighs Macro-Linked Bonds risk

Higher growth could lead to $ 2 b in additional debt costs between 2028-2038 However, CA Sri Lanka President Heshana Kuruppu says Sri Lanka must not slow growth to limit future Bond payments Notes only 38 professionally qualified among 1,600 public finance officers managing Rs. 7 b expenditure budgets Warns transparency laws need skilled professionals to deliver results Calls ethics and financial credibility the foundation for investor confidence

- BY DEVAN DANIEL

CA Sri Lanka President Heshana Kuruppu addressing the institute's 46th National Conference yesterday said Sri Lanka must not sacrifice economic momentum to avoid future Macro-Linked Bond (MLB) payments, arguing that the long-term benefits of sustained growth far exceed the added debt service costs.