A breakout nation that broke down
In 2013, the then Governor of the Central Bank Ajith Nivard Cabraal invited Ruchir Sharma, Head of Emerging Market Equities and Global Macro at Morgan Stanley Investments to deliver the Central Bank’s 63rd anniversary lecture. The title of his lecture was ‘The Prospects of Sri Lanka as a Breakout Nation’. The lecture was attended by senior staff of the bank, academics and the invited elite of commerce and industry.
A few months earlier he had authored &lsquo