ECONOMYNEXT – Sri Lanka can be a high income nation in the style of East Asia, if the state fiscal problems can be solved and all communities get together, Prime Minister Ranil Wickramasinghe said.
Sri Lanka has a unique chance to go on a unique journey after the end of a decades long war, Wickramasinghe told an economic forum in Colombo backed by George Soros’s, Open Society Foundation, and the Centre for Development at Harvard University.
Wickramasinghe said, Sri Lanka had been a trading nation in the middle of the Indian Ocean for thousands of years and it was the first nation in Asia to modernize ahead of Japan.
Sri Lanka also had free education.
But the country now faced challenges, which had to be faced if jobs and high income were to be achieved.
He said the people gave a mandate to President Maithripala Sirisena in January 2015. The president himself had given up his executive powers. His promise to abolish the executive presidency will also become a reality with a new constitution.
Wickramasinghe said Sri Lanka was now on a path to create an inclusive growth where all people, those who gave a mandate and those who did not, would have a better life.