US Edition‘We made the right decisions’, former minister on restructuring Sri Lanka EPF
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‘We made the right decisions’, former minister on restructuring Sri Lanka EPF
ECONOMYNEXT – Sri Lanka’s former state minister for finance has defended a controversial decision to restructure the country’s private sector workers’ superannuation fund, after the central bank approved an interest rate of 11% on Employees’ Provident Fund (EPF) balances for 2024. “At the time, we promised a minimum return of 9% because we believed in the success of the recovery plan—despite criticism from those who didn’t fully understand the p…
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