2 September 2022 08:40 am Views - 158
Hours after reaching the staff-level agreement between Sri Lanka and the IMF, President Ranil Wickremesinghe noted that he considers this to be the beginning of a new economic era where the country is committed to a very competitive export oriented industry while maintaining and improving social standards as well as looking after the vulnerable groups.
President Ranil Wickremesinghe said that this is an important step in the history of Sri Lanka, a statement from the Presidential Media Division said. “Not only rising from the bankruptcy crisis and the debt moratorium, it is also key to ensure that our social sectors are protected and both our economic and social aspect of our lifestyle will certainly not have any further setbacks.”
“The beginning will be difficult, but we know as we go on that we can make more progresses. Our commitment is what matters now and we should not only fulfill the targets here, but we must get ahead of them,” the President said, adding, “I appeal to the country, let us reorient ourselves to an export-oriented economy which will also make it easier for us to sustain our social services.”
He also said that it also should be a beginning for the fact that Sri Lanka should reduce its debts and if possible, even eliminate its debts.