Sri Lanka’s economy will remain stable under the National People’s Power (NPP) administration, according to party leader Anura Kumara Dissanayake. Addressing the business community, Dissanayake emphasized that while economic changes will be made, they will be carefully assessed to prevent any destabilization.
Dissanayake assured that the NPP’s approach is not driven by populist politics, citing recent competitive state worker bonuses as an example of the current administration’s approach. He stressed the importance of stabilizing the economy without making abrupt or detrimental changes.
The NPP plans to maintain the country’s current International Monetary Fund (IMF) program, focusing on meeting targets without exiting the program. Dissanayake noted the importance of having forecastable exchange rates, interest rates, and inflation to ensure market stability.
He also addressed concerns about the role of the Central Bank, advocating for its independence while recognizing the need for government intervention in strategic sectors such as energy and finance. Dissanayake emphasized that the NPP would not interfere with personal assets and would focus on combating corruption to facilitate a better business environment.
The NPP’s vision includes a national plan with sector-specific targets and support for businesses, especially those in debt traps. New laws and tax breaks are also planned to encourage investment and ease the process for starting new businesses.
Dissanayake concluded by promising a strategic approach to economic reforms and a commitment to transparency and stability.