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US Pledges Support to Strengthen Sri Lanka's Economy Under Dissanayake

2024-10-08 12:36:29.111000

On October 8, 2024, during a pivotal meeting between U.S. Ambassador Julie Chung and President’s Secretary Dr. Nandika Sanath Kumanayake, the United States reaffirmed its commitment to bolstering Sri Lanka's economy. This announcement comes shortly after Ambassador Chung's remarks at the American Chamber of Commerce in Sri Lanka, where she expressed optimism about collaborating with newly elected President Anura Kumara Dissanayake and emphasized the importance of foreign direct investment (FDI) for economic growth. Ambassador Chung highlighted the need for transparency and adherence to the International Monetary Fund (IMF) program, which is crucial for stabilizing Sri Lanka's economy. [784f3d0c]

In the recent meeting, Ambassador Chung conveyed a message from U.S. President Joe Biden, congratulating President Dissanayake on his election victory. The U.S. plans to focus its support on fostering an export-driven economy, with initiatives aimed at developing renewable energy, enhancing an export-oriented agricultural industry, and alleviating rural poverty. This comprehensive support also includes assistance in preventing fraud and corruption, promoting good governance, and ensuring security across the nation. [b465138c]

Ambassador Chung also noted that the current school lunch program will expand to urban schools, reflecting a commitment to social welfare alongside economic development. The U.S. aims to work closely with the IMF and USAID to provide necessary financial support, reinforcing the strategic partnership between the two nations as they navigate the challenges ahead. [b465138c]

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