Govt. making every effort to stabilise economy: State Minister

Friday, 26 May 2023 03:02 - - {{hitsCtrl.values.hits}}

Affirms comprehensive reforms ongoing from debt restructuring to welfare programs
US Trade Representative for South and Central Asia expresses readiness to boost investments, foreign trade in Sri Lanka

State Finance Minister Shehan Semasinghe affirmed that the Government is making every effort to ensure economic stability and a sustainable development process post-recovery period.

He made these observations at a discussion when the US Trade Representative for South and Central Asia called on the State Minister at the Finance Ministry. “The economy has clearly stabilised from what it was last year as a result of the measures that the Government has implemented over the past few months. But to stabilise the economy and prevent such economic crises, by setting strong economic fundamentals in place,” he added.

Semasinghe also said the goal of the Government is to always empower its people through wealth creation through financial policies and eliminating them from poverty.

“The empowerment of citizens is the transformation we are currently witnessing. By ensuring transparency and informing the public of all the facts, we are implementing a highly effective approach. As a result, the public has begun to embrace our effort because they understand its significance,” he explained. US Trade Representative for South and Central Asia Deputy Assistant Brendan Lynch expressed his appreciation for taking quick steps to stabilise Sri Lanka’s economy, whilst extending the fullest cooperation for faster economic revival.

He also assured that the US Government is ready to enhance its investment and foreign trade in Sri Lanka. Other members of the US Trade Representative for South and Central Asia, Additional Secretary H.G. Sumanasinghe, and other officials representing the Finance Ministry participated in the discussion.