The State Minister further noted that there are several such finance companies which have collapsed. As a responsible government, he said once a strong government is established after the general election this matter would be addressed and solutions would be sought.

He noted that by 2015 the economic growth rate was at 7%, but it has now dropped to 1.7% which has led to this financial crisis.

Also addressing the media briefing the State Mortgage and Investment Bank Chairman Dr Udaya Sri Kariyawasam said the majority of Sri Lankans lack financial literacy and under this programme, they intend to conduct programmes to educate the public on financial knowledge.

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