Attygalle has revealed that even though he has requested the Central Bank to release required funds at an interest rate of 1% to the commercial banks so that they can provide 4% concessionary interest rates to businesses that have been affected by the COVID-19 pandemic,Central Bank has tried to implement a program of granting a credit guarantee to banks instead of concessionary interest loans, which has made the situation worse.
He has also said that providing concessionary loans was delayed due to non-compliance of commercial banks.
However, after the President instructed the Central Bank authorities to carry out this task immediately, the Central Bank implemented his suggestion, which was tabled a few months ago, within a few hours.
Attygalle has said that those who are responsible cannot get away by putting the blame on him.
Source - Deshaya