The Sri Lankan government acknowledged today that some individuals have lost their employment and businesses as a result of vehicle import restrictions, but stressed that the policy decision has not changed.
During today's press conference to announce Cabinet decisions, reporters enquired about the direct and indirect effects of the automobile import restriction, as well as the government's response.
“We recognize that some people have lost their employment and that their businesses have suffered as a result of our restrictions on vehicle importation into the country,” said co-cabinet spokesman Minister Ramesh Pathirana.
He explained that this was primarily owing to the foreign money shortages that Sri Lankans have experienced in recent months.
“But, for the time being, there is no change in our policy decision,” he stated emphatically.
The minister did say, though, that if the country's reserves rise and there is enough dollar income, the government should be able to reconsider its decision.
"Until then, the Central Bank will publish a new program in the near future." Given the backdrop of this challenge we have, they must pay the bill or open a Letter of Credit, and the dollars must be paid from somewhere other than Sri Lanka."
"However, in 3 to 4 months, things should return to normal." That is the government's expectation," he stated.
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