The discourse around restructuring Sri Lanka’s state-owned enterprises (SOEs) is unhelpfully focused on a misplaced dichotomy between loss-making and profit-making entities, according to the head of a government-appointed SOE restructuring unit.
Suresh Shah, head of the Finance Ministry’s SOE Restructuring Unit, speaking at a webinar on Wednesday June 14 said that the loss-making versus profit-making debate is a “major fallacy”. The webinar was organised by the Central Bank of Sri Lanka (CBSL)’s Centre for Banking Studies.
