The International Monetary Fund (IMF) program for Sri Lanka was the key initiative to stabilise the economy, said State Minister of Finance Shehan Semasinghe.
He was speaking at ceremony to mark the enhancement of CPA Australia operations in Sri Lanka.
He said that this sent a clear message to international investors that Sri Lanka is back in business and Sri Lanka plans to conclude the debt restructuring process in line with the first review of the IMF, which is due next month.
“The wide-reaching and long overdue reforms that we have embarked on, have shown clear signs of economic stability. The Government has taken strict measures to manage public expenditure effectively. However, we still have a long journey ahead of us,” the State Minister said.
Semasinghe outlined how the Government’s vision will open the door to Sri Lanka’s potential as an internationally focused, sustainable, private sector-driven and vibrant digital economy.
The State Minister said that Sri Lanka is a safe and peaceful country welcoming people and is open for the world to experience its beauty and invest in its potential.