The economic transformation bill was introduced to change the country’s economy – President Ranil
President Ranil Wickremesinghe says that the economic transformation bill was introduced to develop the country’s economy as an export oriented economy by 2035. Attempting to alter the agreements signed with the IMF may lead to cancellation of proposed debt relief programs in Sri Lanka.
President Ranil Wickremesinghe made these remarks during a meeting with scholars, professionals, and entrepreneurs of the Batticaloa district yesterday.
He further said that the economic stabilization program initiated by the government must be continued to steer the country towards prosperity.
People of the Northern and eastern Provinces have been facing economic difficulties for a long time, even though there is significant untapped economic potential in these areas.
The president stressed that the government has planned to use these opportunities to contribute to the economic growth of the entire country. Accordingly, the region stretching from Nilaweli to Arugambay will be developed as a major tourism zone.
The President pointed out that the country’s economic and political system had collapsed due to various promises made on election platforms and borrowing to fulfil them. He emphasized that it is the responsibility of all scholars, professionals, entrepreneurs, and others in the country to contribute to the advancement of the economy through a new economic and political system. ensuring that the same mistake does not happen again..
