Sri Lanka, Feb. 13 -- President Ranil Wickremesinghe presented his latest policy statement while opening the new Parliament session on February 7. Contrary to his previous policy statements and special statements on the economy it did not contain so many plans that his government is going to implement, yet it has much food for thought.

Wickremesinghe at the outset painted a rosy picture on the situation. He said that the inflation, which stood at a daunting 50.6 per cent last year, has dramatically decreased to a mere 6.4 per cent, today. Food inflation, previously at an alarming 54.4 per cent, has seen a remarkable decline to just 3.3 per cent. The exchange rate has shown positive movement, with a dollar worth Rs. 362 in the past and no...