January 7, 2025
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Plantation Industries Minister Samantha Vidyarathna has announced significant progress in Sri Lanka’s economic recovery, crediting the government with achieving milestones that have restored stability to the country. Speaking at a public meeting in Badulla, Minister Vidyarathna stated that officials from the Ministry of Finance reported that the economy had recovered faster than anticipated. He highlighted that the country, which was once bankrupt and devoid of foreign reserves, has now amassed $6 billion in reserves under the current administration. “When we assumed office, the credit ratings were in a negative range. Today, we’ve managed to move them upwards, signaling renewed confidence in our economy,” he said. The Minister also pointed to the performance of the Colombo Stock Exchange, which he claimed is witnessing rapid growth, reflecting investor optimism and improved market conditions. Vidyarathna noted that the government had successfully reduced the prices of certain essential goods, providing some relief to the people. Additionally, he assured that the upcoming budget would bring further concessions to ease the burden on citizens. The Minister’s remarks come amidst a backdrop of cautious optimism about the country’s economic trajectory. While acknowledging the progress made, experts have urged continued focus on structural reforms and sustainable measures to ensure long-term stability.
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“Sri Lanka’s Economy Rebounds: $6B Reserves, Stock Market Surges” – Minister Vidyarathna

Editor January 6, 2025