1. President Ranil Wickremesinghe reiterated his commitment to prevent any regression of the country to its previous state, emphasizing his determination to transform Sri Lanka into a fully developed nation by 2048.

The President made these remarks during a special statement to the nation, presenting the

“National Transformation Roadmap” to the country.

The President explained at length the measures taken by the government in the past nine months to assist the Sri Lankan economy to recover, as well as the next stages in the state’s social, economic and political reform agenda.

President Wickremesinghe also presented the operational proposal to the country to achieve the desired goals. The country’s development has been based on four primary pillars: fiscal and financial reforms, investment drive, social protection and governance, and state owned enterprises transformation.

President Ranil Wickremesinghe also stated that a joint mechanism would be established to

solicit private sector suggestions to accomplish the technical and long-term efforts necessary for the country’s economic transformation.

The President stated that if the country’s economy is not altered to reflect the current world and modern technologies, the country will regress and become an economic colony.

President Ranil Wickremesinghe highlighted that the administration is always devoted to

achieving positive outcomes for the country, despite the fact that this reform program is difficult.

He said no matter how tough and painful the decisions that have to be made, only by adopting

the correct policies on that challenging route, will it be possible to uplift the country for future generations.

President Wickremesinghe celebrated the tangible progress already achieved, emphasizing that everyone is now reaping the rewards of hard work, dedication, and progress. Notably, the

inflation rate has declined from a staggering 70% to a more manageable 25.2%. The President expressed his satisfaction that the country is beginning to experience relief from economic pressures.