Sri Lanka could exit bankruptcy by September – State Minister

Finance State Minister Shehan Semasinghe told Parliament yesterday (20) that Sri Lanka could exit bankruptcy by September.

He also mentioned that with the implementation of the Anti-Corruption Act, Sri Lanka will be transformed into a corruption-free country. The State Minister said this during the debate on the Central Bank Bill.Semasinghe also said:Sri Lanka has received GSP tax relief for another four years.That’s a big victory. International confidence has been confirmed about the economic stability of the country. The legal framework is being established to prevent the situation from happening again.

“Starting the e-procurement process there is no doubt about the strengthening of the country’s economy. The situation is set to meet the International Monetary Fund. International trust should be used for the development of the tourism industry to promote investment. We are on the right track today,” he said.