President Anura Kumara Dissanayake underscored his administration’s commitment to impartial decision-making, highlighting their lack of special ties to any party in Sri Lanka’s business and development sectors. This independence, he asserted, positions the government to take decisive steps toward national economic recovery.
Key Highlights:
- Neutral Leadership for Economic Recovery: The President emphasized that his administration’s independence from business and political influences enables it to prioritize national interests without bias, particularly in economic recovery initiatives.
- Digital Transformation and National ID Initiative: A key focus of the meeting was the digitization of Sri Lanka’s economy, with the President pledging to implement a National Digital ID system within 1.5 years, aiming to streamline services and enhance transparency.
- Support for Entrepreneurs through the Banking Sector: Addressing members of the Sri Lanka Banks’ Association, President Dissanayake outlined the need to bolster entrepreneurs, cautioning that any misuse of banking support could hinder overall progress. He emphasized a balanced approach to benefit both banks and businesses.
- Formalizing the Informal Sector: Recognizing the economic significance of the informal sector, the President stressed that formalization efforts should protect livelihoods and ensure fair treatment.
- Commitment to Efficiency and Anti-Corruption: The President highlighted his administration’s commitment to tackling prolonged project timelines and corruption, aiming to simplify processes to attract and maintain investments effectively.
Attendees:
The meeting brought together key banking leaders, including Mr. Bingumal Thewarathanthri (CEO, SLBA), Mr. Sanath Manatunge (Commercial Bank), Mrs. Ayodhya Iddawela (Sampath Bank), and other top executives from NTB, HNB, Seylan Bank, NDB, and Deutsche Bank.
This initiative signifies a push for systemic improvements in Sri Lanka’s economic management, targeting both technological advancement and sectoral support to drive sustainable growth.
Updates from: PMD
Anura Kumara Dissanayake President's Media Division
Last modified: October 30, 2024
