The Chairman of the Ceylon Chamber of Commerce, congratulating the new President of Sri Lanka through a letter, has highlighted key areas that require priority attention.
Key priorities:
Resuming discussions with the IMF urgently to reach a staff level agreement soon.
Expediting the negotiations with creditors to successfully conclude the debt restructuring process
Taking immediate steps to secure adequate supplies of fuel and other essential items while streamlining their distribution.
Accessing adequate bridging finance to manage immediate cash-flow needs
Designing a well targeted safety net to take care of vulnerable sections of society while addressing concerns relating to food security
Embarking on the necessary economic reforms that will provide comfort and assurance to donors and creditors that the country will be steered towards a position of strength and stability
Other areas of focus that must be addressed ideally through a 100-day plan would be reviving tourism, promoting foreign direct investment and attracting more remittances through official banking channels, the letter further stressed.
Congratulations-New-President