Eran leads Sri Lankan delegation for IMF Spring Meetings in Washington DC

Thursday, 18 April 2019 00:00 - - {{hitsCtrl.values.hits}}

State Minister of Finance Eran Wickramaratne led the Sri Lankan delegation for IMF Spring Meetings in Washington DC from 8-13 April, accompanied by Secretary to the Treasury Dr. R.H.S. Samaratunga, Central Bank Governor Dr. Indrajit Coomaraswamy and senior officials from the Treasury and Central Bank.

During his visit, Minister Wickramaratne and delegation held discussions with a number of high ranking IMF and World Bank officials on fiscal and financial sector reforms, project financing and sustainable economic growth and stability. The delegation also signed project agreements with the World Bank for Public Private Partnership Framework Development and Climate Smart Irrigated Agriculture.

On the side-lines, Minister Wickramaratne also held discussions with State South and Central Asian Affairs Principal Deputy Assistant Secretary Ambassador Alice Wells during which they focused on the trajectory of US-SL relations, Sri Lanka’s micro and macroeconomic fundamentals, prospects for investment led economic growth, US’s Indo-Pacific Strategy viz-a-viz prospects for collaboration for regional peace, security and development, US-SL Partnership Dialogue, MCC Compact among others.

They also discussed opportunities for US companies to invest in Sri Lanka’s infrastructure, ports and other potential sectors including the international financial city. Chargé d›Affaires Sarath Dissanayake associated with the Minister at discussions.

Minister Wickramaratne also took part in a closed door-roundtable discussion at the Heritage Foundation in Washington DC on Sri Lanka-US relations and the prospects for promoting peace, security, trade and investment opportunities in South Asia.

He elaborated on Sri Lanka’s balanced foreign policy and assured the continuance of relations with its traditional regional partners. Minister Wickramaratne also attended the Ministerial Dialogue of the Vulnerable 20 Group where he emphasised the need for more research to inform climate policy in Sri Lanka. He called on the development partners of the V20 to focus their funding on climate adaptation and disaster risk reduction.

It may be recalled that Finance Minister Mangala Samaraweera who visited DC in January accompanied by State Minister Dr. Harsha De Silva and high ranking Treasury and Central Bank officials too took the initiative to brief the IMF, World Bank and US officials on the prospects and opportunities for international lenders and US to invest in Sri Lanka’s financial, infrastructure and other emerging sectors during his visit.

The Office of IMF Alternate Executive Director Mahinda Siriwardena and staff of the Sri Lankan Embassy in Washington DC facilitated the program and all arrangements of the Minister and delegation in DC.