Sri Lanka, March 30 -- Strategy 1:Return approximately 20 percent of the balances amounting to around Rs.500 billion of the Employees' Provident Fund, lying to the credit of members, directly to the members.

As is well known and documented, the Sri Lankan economy has suffered tremendously from the gradual and continuous deterioration of the economy for 5 years from 2015 to 2019.

It has also been devastated by the shock of the Easter Sunday bombings in April 2019. In response, the new government had already given a substantial stimulus in January 2020 in the form of a significant tax cut and a far reaching debt moratorium.

In that background, in the face of the current Covid-19 pandemic, Sri Lanka unfortunately does not now possess the ...