Sri Lanka needs strong new economic system, not reforms - President

 

Sri Lanka does not need economic reforms that offer no solutions to the ongoing crisis, but a strong new economic system that can face 2050, President Ranil Wickremesinghe says.

Outdated economic systems cannot help rebuild Sri Lanka’s economy, the Head of State said, inaugurating the 2022 Economic Summit organized by the Ceylon Chamber of Commerce.

The event themed ‘Resetting from Turmoil to Opportunity’ was held at the Shangri-La hotel in Colombo on Monday (Dec.05).

President Wickremesinghe noted that foreign exchange is essential to recover the island nation’s economy.He also mentioned that necessary measures have already been taken to introduce a strong new economic system.