President Anura Kumara Dissanayake has instructed the Ministry of Finance to implement strategic measures aimed at enhancing the efficiency and resilience of Sri Lanka’s financial system. The directives were issued during a high-level discussion with Finance Ministry officials at the Presidential Secretariat on December 12, according to the President’s Media Division (PMD).
Acknowledging the Central Bank’s pivotal role as an independent institution, the President assured full government support to stabilize the nation’s financial landscape. He stressed the need for an effective framework to streamline banking and financial operations, ensuring efficiency and accessibility for all citizens.
The meeting highlighted the Central Bank’s ongoing commitment to studying economic trends and implementing innovative policies to fortify financial stability. Discussions also addressed the enforcement of macroprudential policies to mitigate risks within the financial sector.
With the economy gradually stabilizing, focus has shifted toward fostering safe growth in asset quality, enhancing risk management practices, and encouraging capital building. These measures are expected to bolster the financial system’s performance and sustainability in the long term, the PMD noted.
Key participants at the meeting included Minister of Justice Harshana Nanayakkara, Minister of Labour and Deputy Minister of Economic Development Prof. Anil Jayantha Fernando, Deputy Minister of Finance and Planning Dr. Harshana Suryapperuma, Secretary to the Ministry of Finance Mahinda Siriwardena, and Central Bank Governor Dr. Nandalal Weerasinghe, along with other senior officials.
These initiatives underscore the government’s commitment to a resilient financial system, fostering economic stability and growth for Sri Lanka’s future.
