IMF engages with Ceylon Chamber of Commerce to discuss Sri Lanka’s economic development

Tuesday, 6 June 2023 00:32 - - {{hitsCtrl.values.hits}}

At the invitation of the International Monetary Fund (IMF) the Ceylon Chamber of Commerce recently briefed key representatives of the IMF on recent economic developments in Sri Lanka, and their impact on the country’s economic trajectory.

The meeting comprised high-level representatives of the IMF Deputy Managing Director Kenji Okamura,

Asia and Pacific Department Deputy Director Anne-Marie Gulde-Wolf, Office of the Managing Director Advisor Chad Steinberg, IMF Resident Representative for Sri Lanka Dr. Sarwat Jahan, while the Ceylon Chamber was represented by Vice-Chairman Duminda Hulangamuwa,

Deputy Vice-Chairman Krishan Balendra, Board Member Bingumal Thewarathanthri, and Secretary-General/CEO Buwanekabahu Perera with Joint Apparel Association Forum Chairman Sharad Amalean representing the business community.

The discussions centred on critical topics such as interest rates, exchange rates, foreign trade, and the general political climate. The meeting also provided an opportunity for the IMF to gain insights into the perspectives of the business community regarding recent economic developments in Sri Lanka. Hulangamuwa expressed the Ceylon Chamber’s appreciation for the IMF’s initiative in organising the meeting, and the opportunity to share the business community’s perspectives towards shaping effective policies for Sri Lanka’s economic progress.