SL’s path-breaking reform agenda commended

Sri Lanka’s efforts towards addressing the issues in the economy and measures that have gone into its revival were commended by Montek Singh Ahluwalia, a former Deputy Chairman of

India’s Planning Commission.
He noted that Sri Lanka does not need many lessons from other countries as the reform agenda set out by President Ranil Wickremesinghe is “impressive and comprehensive”.
“I think all you have to do is to get on with implementing it. What the President outlined is truly path-breaking,” said Ahluwalia, delivering the keynote address at the Sri Lanka Economic Summit 2023 inauguration.

Particularly Ahluwalia praised Sri Lanka’s bold move to invite the International Monetary Fund (IMF) to to conduct a diagnostic assessment on governance.
“Frankly, this is an issue that’s relevant for all of us. Sri Lanka is the first country in Asia to actually ask the IMF to do such a diagnostic. And I hope that other countries in Asia certainly mean India will look at it because a lot of what it says is relevant not just for Sri Lanka, it’s also relevant for other countries,” he said.
Further, he stated that if Sri Lanka is successful in implementing a majority of the recommendations in the report, the island nation would draw a lot of attention to the seriousness with which it intends to do things.