In a determined push to address Sri Lanka’s debt crisis and foster reconciliation, President Ranil Wickremesinghe outlined plans to finalise the debt restructuring process by September.

Collaborating closely with parliament, the President aims to develop a comprehensive strategy for resolving the nation’s financial burdens.

President Ranil Wickremesinghe participated in the 40th-anniversary event of the International Democrat Union (IDU) in London on the 19th and 20th of June and joined the forum with former Canadian Prime Minister (Conservative Party) and Chairman of the IDU, Mr Stephen Harper. Wickremesinghe explained the circumstances that paved the way for his presidency and the country’s journey towards economic recovery.

While debt restructuring remains a key priority, President Wickremesinghe noted that his primary focus lies in completing vital structural reforms. Aiming to accelerate economic liberalisation and attract increased investments, which are intended to bolster Sri Lanka’s financial prospects and drive a more favourable balance of trade in the long term.