Accelerating Digital Transformation to Drive Economic Growth – President Addresses Sri Lanka Chamber of Commerce Representatives

President Anura Kumara Dissanayake announced that the entire country will undergo digital transformation within the next three years under his administration. He highlighted that digitization holds the potential to elevate Sri Lanka’s global standing and confirmed that the government has already begun implementing related initiatives. These remarks were made during a discussion held today (29) with representatives from the Chamber …

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Sri Lanka’s third review will come up soon: IMF Director of the Asia and Pacific Department

Claiming that Sri Lanka has come a long way in terms of undertaking reforms which have led to some hard won gains, the International Monetary Fund (IMF) said they could move fast towards the third review which will come up soon. IMF Director of the Asia and Pacific Department Krishna Srinivasan told a special briefing that there is consensus that …

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New Zealand High Commissioner Pledges Support for Increased Investments in Sri Lanka

President Anura Kumara Dissanayake met with the High Commissioner of New Zealand, H.E. David Pine, today (25) at the Presidential Secretariat. The High Commissioner congratulated the President on his recent victory and pledged New Zealand’s continued support in building a stronger economy and more effective governance to meet the aspirations of the Sri Lankan people. He expressed his intention of …

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Government to Boost Capacity of Small and Medium Rice Mill Owners to Stabilize Market

President Anura Kumara Dissanayake announced that the government will support small and medium-scale rice mill owners in enhancing their capacity to help stabilize the rice market. He made this statement today (25) during a discussion held with the rice mill owners at the Presidential Secretariat. The President noted that since the government invests significantly in promoting agriculture, irrigation, and fertilizer …

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Sri Lanka abandons plans to sell national carrier – Sri Lankan airline’s new chairman

Sri Lanka’s new government has abandoned plans to sell the debt-ridden national airline SriLankan Airlines, but will restructure it for a more profitable future. “President Anura Kumara Dissanayake has instructed that the airline should be an institution that all Sri Lankans are proud of, and should be owned by Sri Lankans,” the airline’s new chairman Sarath Ganegoda told. The previous …

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Poultry Farmers’ calls for stabilization of poultry feed prices

After a decrease in tourist arrivals and an excess supply of eggs resulted in a reduction in market prices, the All Island Poultry Farmers’ Association has called for a stabilization of poultry feed prices.  “Due to the excess supply of eggs, the market price has reduced to below the cost of production. Therefore we have asked for a stabilization of …

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“Ceylon Tea” brand featured at Saudi International Franchise Market 

Wijar, a Saudi brand of pure Ceylon tea” was featured at the International Franchise Exhibition held in Riyadh, Saudi Arabia from 01 to 03 October 2024. Ambassador of Sri Lanka to the Kingdom of Saudi Arabia Ameer Ajwad attended the exhibition along with the proprietor of the company Faiz Sulaiman Al Faiz, to promote the brand. The Saudi International Franchise …

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Sri Lanka Secures USD 200 Million from World Bank’s IDA for Second Phase of RESET Program

The International Development Association (IDA) of the World Bank Group (WBG) has approved a USD 200 million financing package to support the second phase of Sri Lanka’s Resilience, Stability, and Economic Turnaround (RESET) Development Policy Financing (DPF) program. The agreement was signed today (07) by K.M. Mahinda Siriwardana, Secretary to the Ministry of Finance, Economic Development, Policy Formulation, Planning, and …

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President Reaffirms Commitment to IMF Objectives, Advocates for Alternative Solutions to ease the burden on people

In a significant meeting today, President Anura Kumara Dissanayake engaged directly with IMF delegation included Director of the Asia Pacific Department, Krishna Srinivasan and SeniorMission Chief Dr. Peter Breuer to discuss the progress of Sri Lanka’s on-going IMF programme. The President was accompanied by key Sri Lankan officials, including Central Bank Governor Dr.Nandalal Weerasinghe, Secretary to the Treasury Mr. Mahinda …

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High-Level IMF Team Meets Sri Lankan Government to Discuss Economic Reforms

A high-level delegation from the International Monetary Fund (IMF) arrived in Sri Lanka today (02) to engage with the newly formed government led by President Anura Kumara Dissanayake. The primary objective of the visit was to initiate discussions on the progress of the IMF Program and necessary steps towards the release of the fourth tranche of the $ 2.9 billion …

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