Agreements With IMF Should Be Legalized - President

COLOMBO (News 1st); Sri Lanka's President Ranil Wickremesinghe has stressed on the importance of legalizing the agreement with the IMF to ensure that its benefits can be realized for the people of Sri Lanka.

Highlighting the collaboration with the International Monetary Fund (IMF) as a crucial step towards revitalizing Sri Lanka’s economy, President Wickremesinghe underscored the necessity of legalizing the agreements with the IMF to ensure that the benefits reach the people swiftly.

Moreover, the President expressed plans to introduce a new legal framework geared towards modernization across various sectors. He sought the support of the legal community for these initiatives, emphasizing the significance of their involvement in advancing these efforts.

Addressing a gathering, President Ranil Wickremesinghe emphasized the critical decision facing Sri Lanka regarding its program with the International Monetary Fund (IMF).

He highlighted the country’s history of reversing decisions after agreeing to IMF programs and stressed that this represents the nation’s final opportunity for economic recovery.

President Wickremesinghe underscored the importance of legalizing the agreement with the IMF to ensure that its benefits can be realized for the people of Sri Lanka.

President Ranil Wickremesinghe expressed confidence in the potential for revitalizing the country’s economy, citing abundant physical and human resources available in Sri Lanka.

He highlighted the success stories of Sri Lankan businessmen operating internationally and the country’s dominance in key sectors including tea plantation and apparel industry.

President Wickremesinghe emphasized the importance of leveraging these strengths to transition towards an export-oriented economy, urging attention to be directed towards exploring new fields for further growth and expansion.