“SL will prevail over difficulties, engineer economic recovery”

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Sri Lanka will prevail over its difficulties and engineer rapid economic recovery remarkable with the strength and resilience of its people and the cooperation of regional and international partners, said president Gotabaya Rajapaksa.

He was addressing the fifth Bay of Bengal Initiative for Multi-Sectoral Technical and Economic Cooperation (BIMSTEC) Summit in Colombo this morning (30).

The loss of tourism and remittances from expatriate workers, alongside the cost of healthcare programmes, and the provision of welfare for those whose lives were affected by the pandemic have combined with rising global inflation, and our historic debt servicing obligation created a challenging situation for Sri Lanka today.

“However, I am confident, together with the remarkable strength and resilience of the people, tried and tested over time, and the cooperation of regional and international partners, Sri Lanka will prevail over these difficulties and engineer rapid economic recovery.”

Appreciating the support of several BIMSTEC member nations, he said, “Enhanced cooperation between member states will be necessary not only for economic recovery but also for greater economic prosperity, better public health, and improved regional resilience in the long-term.

Sri Lanka will welcome investments in projects, and industries that will require technological know-how and that can develop the human capital and productivity while creating new opportunities, he said.