President warns of economic collapse if reforms are halted midway
August 20, Colombo (LNW): President Ranil Wickremesinghe cautioned that even if current economic recovery efforts succeed, a failure to complete essential reforms would lead to another economic collapse.
He stressed that the upcoming presidential election should focus on long-term economic stability rather than immediate gains.
Speaking during the ‘Ask Ranil’ programme, where he engaged with questions from the public, the President urged voters to prioritise stability and the nation’s future when making electoral decisions.
He emphasised that while critics argue previous leaders did little for national progress, economic growth has been hampered by inward-looking ideologies like those of the Janatha Vimukthi Peramuna (JVP), which promoted a strictly domestic focus.
Wickremesinghe revealed that he intends to run as an Independent candidate in the election, reflecting the public’s growing disillusionment with traditional party politics.
Explaining his decision to adopt the ‘Gas Cylinder’ as his election symbol, he noted that the symbol represents an alternative approach amid current challenges.
He further addressed scepticism regarding his ties to the Rajapaksas, clarifying that although he gained support from the Sri Lanka Podujana Peramuna (SLPP) during a critical phase of governance, that chapter has ended, and they will now contest separately.
The President also acknowledged that while Sri Lanka possesses significant resources like the Pulmoddai mineral sands, Trincomalee Harbour, and Hambantota Airport, inadequate policy directions over the past decades have prevented optimal utilisation.
He argued that the path to prosperity requires openness to global economic integration, drawing examples from nations like Singapore.
On anti-corruption measures, Wickremesinghe contended that the revamped legal framework targets both minor and major offenders alike, countering public perceptions that only low-level wrongdoers are held accountable.
He outlined plans to enhance the legal system’s capabilities, including improved training for officials.
The President also addressed the rising influence of Artificial Intelligence (AI), highlighting the need to regulate its use within society.
He projected that AI will be a defining issue in the coming decade, with both potential benefits and risks.
Regarding public service efficiency, Wickremesinghe acknowledged the challenge of balancing staff redundancies with societal needs.
He stressed that reforming public administration requires careful planning to avoid social unrest while improving workforce skills through targeted training initiatives.
In closing, the President reiterated the importance of completing ongoing reforms, warning that halting mid-process would only lead to another economic downturn.
