President highlights economic revival progress

President Ranil Wickremesinghe arrived at the parliament to deliver a special statement on the progress of Sri Lanka’s economic recovery process.

Speaker Mahinda Yapa Abeywardena presided over the parliamentary proceedings, which commenced around 9.30 a.m.

Addressing the Chamber, the Head of State said citizens are now benefitting from the government’s ‘strenuous efforts’ to revive the economy.

“We made an ‘economic plan’ with the IMF. As a result of implementing this plan, the country returned to daily normalcy. This reduced the pressure [on the people] and alleviated the hardships.”

Wickremesinghe mentioned that the country’s economy, which contracted for six consecutive quarters, began to revive in Q3 of 2023.

He added that international financial institutions have forecast potential economic growth for Sri Lanka, ranging from 2% to 3% for the year 2024.