President Anura Kumara Dissanayake has emphasized that, since neither he nor his administration has special ties or obligations to any party within the countryâs development or business sectors, they are positioned to make decisions impartially and decisively for the sake of national economic recovery.
These remarks were made during a meeting today (29) with members of the Sri Lanka Banksâ Association at the Presidential Secretariat, where discussions focused on the banking sectorâs role and challenges in supporting Sri Lankaâs economic growth, the Presidentâs Media Division (PMD) said in a statement.
The President highlighted the critical importance of digitizing Sri Lankaâs economy, including the implementation of a National Digital ID initiative, which he pledged would be completed within a focused timeframe of one and a half years.
Acknowledging the challenges posed by the economic crisis, President Dissanayake discussed the need to protect and support entrepreneurs through the banking system, cautioning that any misuse of this support could undermine progress. He stressed that the approach should ensure security and mutual benefit for both banks and entrepreneurs, the PMD mentioned.
Discussing the informal sector, President Dissanayake noted its substantial role within Sri Lankaâs economy. He emphasized that any steps to formalize this sector must prioritize the safety and welfare of those currently relying on it for their livelihoods, the statement added.
The discussions also addressed Sri Lankaâs current challenges, including prolonged project timelines and obstacles to maintaining investments, often attributed to issues like corruption. The President emphasized that his administration is committed to streamlining all activities into a simpler, transparent, and efficient system.
Key participants at the meeting included Bingumal Thewarathanthri, CEO of Sri Lanka Banksâ Association (Guarantee) Limited, Sanath Manatunge, MD/CEO of Commercial Bank; Hemantha Gunetilleke, CEO of NTB; Mrs. Ayodhya Iddawela, CEO of Sampath Bank; Damith Pallewatte, Acting CEO of HNB; Ramesh Jayasekara, CEO of Seylan Bank; Kelum Edirisinghe, CEO of NDB; Neranjan Sisil, CEO of Deutsche Bank; and Indrajith Boyagoda, SLBA Secretary General (Designated).
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