Sri Lanka intends to conclude the debt restructuring process in September

State Minister of Finance ShehanSemasinghe says that Sri Lanka intends to conclude the debt restructuring process in line with the first review of IMF, which is due in September this year. He said this while participating in the inaugural ceremony of CPA Australia with an enhanced presence in Sri Lanka.

“The wide-reaching and long over-due reforms that we have embarked on, has 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.” State Minister added.

He further said that the IMF programme was the key initiative to stabilize the economy and to send a clear message to international investors that Sri Lanka is back in business. He explained how the Government’s vision opens the door to unlock Sri Lanka’s potential as an internationally focused, sustainable, private sector driven and vibrant digital economy.

Concluding, he emphasized that Sri Lanka is safe and peaceful country with welcoming people and is open for the world to experience its beauty and invest its potential.

H.E. Paul Stephens, High Commissioner of Australia to Sri Lanka, Mr.Andrew Hunter, CEO of CPA Australia were presented in the event.

Leave a Reply

Your email address will not be published. Required fields are marked *