Sagala chairs follow-up talks on WB-mooted economic reforms

Wednesday, 1 February 2023 00:23 - - {{hitsCtrl.values.hits}}

A follow-up discussion on ‘Major Economic Reforms - World Bank’s Preliminary Actions’ was held at the Presidential Secretariat yesterday under the patronage of the National Security Senior Advisor to the President and Chief of Presidential Staff Sagala Ratnayake.

The World Bank assistance program was discussed at length during the meeting, including the improvement of financial supervision and credit management, improving tax administration policy, reducing systemic risk in the sovereign financial sector, strengthening the delivery system and targeting of social security agencies, as well as reducing policy uncertainty and increasing the competitiveness of the economy. Discussions also focused on the preliminary measures to be taken for their implementation.

Ratnayake emphasised the need to implement these preliminary measures immediately.

Central Bank Governor Dr. Nandalal Weerasinghe, Secretary to the Ministry of Finance Mahinda Siriwardena, Senior Adviser on Economic Affairs to the President R.H.S. Samaratunga, a group of representatives, including World Bank Senior Economist Richard Walker participated in this discussion while a group of World Bank representatives also joined it through Zoom technology.