Ranil affirms trust in new investments for rebuilding economy

19 January 2024 07:32 am - 21 - {{hitsCtrl.values.hits}}

A A A

In a candid discussion at the World Economic Forum (WEF) stakeholder dialogue titled ‘Pulling back from the brink,’ held in Kurpark Village, Aspen, President Ranil Wickremesinghe outlined short-term strategies aimed at revitalising Sri Lanka’s economy, and affirmed trust in new investments helping in realising the development agenda.

Emphasising tourism promotion, agricultural modernisation and a focus on renewable energy, the President expressed the country’s eagerness to attract new investments.

Wickremesinghe, addressing a panel discussion acknowledged the critical issues of balancing payments and budgetary constraints and went on to outline measures to address these challenges, including working with the International Monetary Fund (IMF) to increase revenue, revamping revenue collection systems, and establishing a revenue authority to replace individual departments.

The discussion delved into the complexities of managing populism and meeting public expectations while adhering to conventional financial rules. President Wickremesinghe stressed the need for governments to strike a balance between providing essential facilities and managing strict financial rules.

Addressing concerns about potential resentment from the population due to tax increases and IMF schemes, the President reassured that Sri Lanka is accustomed to foreign investments and maintains an open society. He expressed support for debt relief for African countries, acknowledging the unique challenges they face.

Wickremesinghe asserted Sri Lanka’s ability to manage its economic challenges and called for collective efforts to support African nations in their pursuit of debt relief. The panel discussion provided valuable insights into Sri Lanka’s economic strategies, showcasing President Wickremesinghe’s commitment to navigating the country through these challenging times.

Order Gifts and Flowers to Sri Lanka. See Kapruka's top selling online shopping categories such as Toys, Grocery, Kids Toys, Birthday Cakes, Fruits, Chocolates, Clothing and Electronics. Also see Kapruka's unique online services such as Money Remittence,Astrology, Courier/Delivery, Medicine Delivery and over 700 top brands. Also get products from Amazon & Ebay via Kapruka Gloabal Shop into Sri Lanka

Comments - 21

Ranil the conman Friday, 19 January 2024 08:37 AM

Before the election Ranil will make miracles happen like getting Amazon,Tesla, google to move thier operations to Sri Lanka.

Sleazy president Friday, 19 January 2024 08:40 AM

And his in the past 40 years all we saw from you is failure. Did you undergo a pre-frontal lobotomy?

Senile dreams Friday, 19 January 2024 08:41 AM

Another pie-in-the-sky plan from the master conman.

Ranil the protector of criminals Friday, 19 January 2024 08:44 AM

How can you encourage investment when you are protecting the very people who drove away investors by asking for bribes? Stop your BS president.

Nincompoop Ranil Friday, 19 January 2024 08:48 AM

How is your criminal protection racket going? Making good money?

Gabriella Friday, 19 January 2024 09:03 AM

Don’t tell the world how good your economic policies are. Come back and tell the poor where to get their next meal from.

Gon namba Friday, 19 January 2024 09:13 AM

Nearing an election the feeble minded president is full of ideas. He must have sniffed a bit of white powder.

Wiseman Friday, 19 January 2024 09:36 AM

To bring in investors you have to first clean the system of corruption and change the commission business of ministers. Don't talk Nonsense.

Kikazaru Friday, 19 January 2024 09:43 AM

We had Charlie Chapplie, Laurel and Hardy, Jerry Luis. These personalities provided the laugher for the world. Now the new man on the blocks in Ranil. I am sure he wlll beat the rest. A star class clown.

Sokrates Friday, 19 January 2024 09:43 AM

I think the plenary session at Ranil's speech was empty. In any case, nothing was reported about his speech on Western TV or in the press.

Jude Friday, 19 January 2024 10:05 AM

RANIL you don't worry, in few months time YOU'LL be out of a job!! Lankans gonna elect AKD led NPP to take care of Lankan economy!!

Welcome to Paradise Saturday, 20 January 2024 12:14 AM

AKD will bankrupt Sri Lanka PERMANENTLY. USD/LKR will be 700 in a couple of years.

Waco Friday, 19 January 2024 10:35 AM

Ranil is a professional Lier. What has he done upto now? Has he got a proper plan with KPI s? This fellow will “ Hoodwinked” ever body and disappear.

Mugambi Friday, 19 January 2024 10:57 AM

What `trust` can RW provide the people of Sri Lanka, let alone the African states? A Man who protects the Political thieves and their families, lets the robbers of the Sri Lanka Central Bank walk free, Taxes the population to support his own luxury travel and lifestyle of his friends in the guise of decorative speeches which he tries to make which are all fictitious to the core - at best. He may have picked up the words `TRUST is the new currency` from the global business community in Davos and now trying to spin even his limited understanding of that, for his own benefit. This Man`s Bullshit may sound so realistic that it may even baffle the minds of some good people! However, Africans Leaders are no idiots.

Nimal Friday, 19 January 2024 11:05 AM

Over the years, RW has promised many investments by renown Multi-National Corporations in SL which have never materialized. This is just another of his pipe dreams.

Nimal Friday, 19 January 2024 11:10 AM

He has been in power for over a year now (since 14 July 2022) and done absolutely nothing to eliminate fraud or corruption. A younger more competent person would have hit the ground running. In hindsight, who in their right mind would invest in SL when the country is one of the most corrupt in the world?

aiyosuddha Friday, 19 January 2024 12:48 PM

Kurpark Village, ASPEN, USA..??? It's Kurpark Village, DAVOS in Switzerland..!!!! If DM can't even get the country correct, I wonder what other rubbish is printed..

Waco Friday, 19 January 2024 01:35 PM

මෙයා කටින් බතල හිටවනව. Ranil is a utter failure.

Sambo Friday, 19 January 2024 07:49 PM

Can he name for example one investment which he brought to the country. It was only selling. He is an auctioneer.

Sambo Saturday, 20 January 2024 09:25 AM

We have been begging for investments but nothing has come up.

Adwani Saturday, 20 January 2024 11:36 AM

Coconut Development Authority workers demanded bribe for cocopit exports? No one is arrested no action taken.

Add comment
Comments will be edited (grammar, spelling and slang) and authorized at the discretion of Daily Mirror online. The website also has the right not to publish selected comments.

Ranil affirms trust in new investments for rebuilding economy

Comments - 21

Add comment

RECOMMENDED

‘Spike in blast fishing’ poses renewed threats to Sri Lanka’s marine ecosystems

UDA owned land in Thalawathugoda; UDA Minister Prasanna Ranatunga under the spotlight for forceful occupation of reserved land

Loss-making SMIB faces political pressure in recovering loans

Baltimore Bridge Collapse: MV Dali, SL authorities anchored in mystery?

Has Sri Lanka become a potential hub for the illegal wildlife trade?

Spotlight on Moragahakanda Development Project Moragolla villagers lose livelihoods and down to one meal a day

Ambitious Sri Lankan jobseekers ‘trafficked into Ukraine war zones’

Most Viewed in News

VFS Global is here to stay for at least 12 years, says Tiran

Attempt to send 17 year-old-boy to London on forged documents foiled

Racism, body-shaming fly high with Air Belgium crew against SriLankan staff

Sri Lanka now has highest visa costs in Asia: Tourism stakeholders

On-arrival visa fiasco drains VFS Global’s confidence in Sri Lanka

Controversy over foreigners issuing on-arrival visas at BIA

MIRROR CRICKET

Sri Lanka great tips Sanju Samson to thrive at T20 World Cup

India’s Amul to sponsor Sri Lanka team for T20 World Cup

Shakib threatens to beat up fan over clicking selfie

BCCI breaks silence after Trinidad PM reveals terror threat to T20 World Cup, report says it’s from ISIS

TODAY'S HEADLINES

Government planning four-stage vehicle import resumption

Reduced New Year drinking leads to less quarrels

Diana loses Parliamentary seat as SC declares her disqualification

SJB legitimacy at stake after SC ruling on Diana: Kanchana

Luis Rubiales to stand trial over World Cup kiss

Sri Lanka great tips Sanju Samson to thrive at T20 World Cup

India’s Amul to sponsor Sri Lanka team for T20 World Cup

Shakib threatens to beat up fan over clicking selfie