Colombo (LNW): President Ranil Wickremesinghe has urged political leaders to demonstrate responsibility regarding the International Monetary Fund (IMF) programme, emphasising that those opposing it must provide concrete proposals to address the country’s financial crisis.
He cautioned against rhetoric for public appeasement without assuming responsibilities, stating that such tactics could lead the nation back into economic turmoil.
Speaking at the inauguration of the Karaliya Convention Centre and Performing Arts in Kandy, the President highlighted the importance of making tough decisions and criticised those making popular statements without a willingness to take necessary measures.
The newly established centre aims to address infrastructure gaps in Kandy by providing auditorium facilities and exhibition halls for art and sculpture.
President Wickremesinghe awarded certificates of appreciation to individuals and businesses for their contributions to the “Pivithuru Dorakada” business program and city beautification.
He emphasised the cultural significance of structures like the Karaliya Convention Centre and expressed plans to enhance Kandy’s cultural infrastructure by introducing a modern library.
Addressing the economic challenges faced by the country, President Wickremesinghe discussed negotiations with various nations and organisations to secure loans, highlighting the successful agreement with the IMF.
He stressed the need to increase GDP and achieve economic goals by 2024, despite facing a deficit of 534 billion rupees. The President also addressed the decision to increase VAT as a necessary step to rescue the economy from bankruptcy.
President Wickremesinghe discussed upcoming development projects, including the Kandy development programme and a multimodal transport centre in Kandy. He outlined plans to upgrade infrastructure, construct a modern library, and complete projects within the next five years.
The President concluded by expressing gratitude for the inauguration of the Karaliya Convention Centre, emphasising its significance for the community and future generations of artists.
