President’s office strikes at Bandula, says SL will remain ’middle income’

Contradicting Cabinet Spokesman Bandula Gunawardane, President's Media Division (PMD) said Sri Lanka will remain a middle-income country.

The PMD said in a statment that the government is pursuing a "reverse graduation" policy for a limited period of time.

Cabinet Spokesman Bandula Gunawardane told the weekly Cabinet briefing this morning that the cabinet of ministers had approved a proposal to downgraded Sri Lanka from a middle income to low income status.

The immediate rectification by the President's Office seems to show a rift between the Cabinet of Ministers and President Ranil Wickremesinghe.