Economics

British High Commissioner Commends Sri Lanka’s Economic Stabilisation Efforts

The British High Commissioner to Sri Lanka, Andrew Patrick, commended the Sri Lankan Government for its significant progress in economic stabilisation achieved within a short period since taking office.

Patrick highlighted that the country appears to be moving in the right economic direction. His remarks were made during a meeting with Deputy Minister of Finance and Planning, Dr. Harshana Suriyapperuma, held at the Ministry of Finance.

During the cordial discussions, Dr. Suriyapperuma outlined the current economic landscape and shared future plans with the High Commissioner.

The British High Commissioner expressed readiness to support Sri Lanka’s export growth, particularly to the British market. He revealed that a delegation of British business leaders is set to visit Sri Lanka early next year to explore potential business opportunities.

Patrick identified significant potential in organic agricultural exports and noted promising opportunities for Sri Lankan products such as garments, agricultural goods, and natural beauty products in the UK market.

He also acknowledged the role of British tourists in bolstering Sri Lanka’s foreign exchange reserves, emphasizing their significant contribution to the tourism sector.

The High Commissioner praised Sri Lanka’s progress in restructuring International Sovereign Bonds (ISBs) and the implementation of the International Monetary Fund (IMF) program, describing it as a key step in short-term economic stabilisation.