Economic changes under IMF ought to have enacted ages ago: Minister Shehan

Whilst assuring that the Government will not reach any decisions that would negatively impact the nation’s economy, the State Minister for Finance Shehan Semasinghe, noted that the reforms being carried out in accordance with the protocol under the International Monetary Fund (IMF) ought to have been put in place years ago.

Speaking at the North-central Province Outstanding Entrepreneurs Awards Night, held on Friday (27), State Minister Semasinghe underscored that everyone, including policy makers has a shared responsibility to sustain the steady recovery Sri Lanka is presently at.

He also mentioned that the Government recognized the extra load placed on the shoulders of citizens of Sri Lanka as part of the process of resolving the country’s economic downturn.

Wording further on Sri Lanka’s agreement with the IMF, Minister Semasinghe pointed out that after the reforms are fully executed, Sri Lanka will also hold a robust economy, just as nations including South Korea and India that have grown economically potent at the hand of the IMF.