Sri Lanka will be able to shed its bankruptcy status by September – President

Addressing the AGM of the Sri Lanka Institute of Directors (SLID, )President Ranil Wickremesinghe expressed hope that Sri Lanka will be able to shed its bankruptcy status by September and urged everyone to work collectively to back the Government’s efforts.

“I hope by September that Sri Lanka will be able to shed its bankruptcy status. Whether you are Sinhalese, Tamil, Muslim or any other nationality, no one likes to be called bankrupt. If individually you don’t like it, then collectively why do you want to have this tag on you? So let’s get out of it.” said President Wickremesinghe.

The President also mentioned that a Climate Prosperity Plan was launched in November, which means that more resources are required, partially from the Government and partly from other investments, including private investments. As a result, the President stated that if Sri Lanka abandons the program, the country will immediately forfeit the $700 million that the World Bank is set to provide the country, and the second review will be a failure.