President Anura Kumara Dissanayake announced that efforts are underway to restart 11 economically significant projects that were previously halted by the Japanese government, along with 76 projects that had been suspended by the Chinese government.
He further stated that the government is committed to supporting Sri Lankan entrepreneurs in securing a share in the global market. To facilitate access to international markets, the government has devised a strong strategic plan that integrates diplomats and entrepreneurs into a unified process.
26th Anniversary of the Chamber of Young Lankan Entrepreneurs (COYLE)
The President made these remarks while attending the 26th Anniversary of the Chamber of Young Lankan Entrepreneurs (COYLE), held yesterday (10) at the Shangri-La Hotel in Colombo.
President Dissanayake also emphasized that this year’s budget has been designed to create a more dynamic and flexible economy, replacing the stagnant economic conditions of the past. He noted that promoting greater economic mobility would enable the country to achieve a certain level of development. Accordingly, the budget has been structured to avoid major economic shocks.
He assured that the government remains cautious in economic decision-making, ensuring that policies do not place an unbearable burden on the Sri Lankan Rupee. He acknowledged that some decisions had to align with recommendations from the International Monetary Fund (IMF).
President Dissanayake further revealed that the government has taken the necessary steps to restore confidence in an economy where trust had previously collapsed. As a result, the country, which was once officially declared bankrupt, has now managed to overcome its state of bankruptcy.
He emphasized that his administration ensures every rupee spent is treated as a public trust and utilized with the highest level of responsibility.
The government has already taken significant steps to provide economic stability, creating a more secure environment for investors. This has enabled large-scale investments in renewable energy, including the construction of a 50-megawatt wind power plant in Mannar.
Allowing investors to operate without having to pay any commissions.
The President also highlighted that a business-friendly environment has been established, allowing investors to operate without having to pay any commissions. Furthermore, he stated that the government is prepared to empower young entrepreneurs, not only within Sri Lanka but also by supporting their expansion into international markets.
