Sri Lanka will be able to achieve a positive growth next year – State Minister of Finance

(LANKAPUVATH | COLOMBO) – State Minister of Finance Shehan Semasinghe the rapid and difficult reforms carried out by the government to maintain financial discipline and transparency in the country, are essential for a sustainable economy in the future.

While addressing the 104th Annual General Meeting of the Colombo Rubber Traders Association today, State Minister of Finance pointed out that the current economic reforms will not be reversed by any future government.

Implementing the Anti-Corruption Act to create transparency, the new Central Bank Act to enable the Central Bank to make independent decisions, as well as the Bank (Special Provisions) Act to protect the financial system including banks, depositors and their deposits, the economy is moving in a more reliable direction, the Minister said.

As a result, in 2024, Sri Lanka will reach an economic growth of 1.5% – 2.5%, he said expressing confidence that Sri Lanka will be able to be free from its bankruptcy status by September this year.

The AGM is a premier event in the rubber industry, bringing together key stakeholders, traders and experts in the country.

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