Decades overdue economic reforms: Finance State Minister

Colombo (LNW): The government will not make decisions detrimental to the country’s economy, and the ongoing reforms, which are in line with the International Monetary Fund (IMF) agreement, should have been introduced decades ago, Finance State Minister Shehan Semasinghe said.

Speaking at the North Central Province Outstanding Entrepreneurs Awards Night on Friday, the State Minister emphasised that these are reforms the government should have undertaken two or three decades prior.

Highlighting the government’s recognition of the increased strain placed on the Sri Lankan populace in the pursuit of addressing the economic crisis, the State Minister stressed that everyone, including policymakers, must play their part in ensuring Sri Lanka’s continued economic recovery.

Further discussing Sri Lanka’s arrangement with the IMF, Semasinghe pointed out that nations like India and South Korea flourished economically after IMF assistance, expressing confidence that Sri Lanka too will witness a robust economy after fully realising the reforms.