Former Deputy Leader of the United National Party (UNP) and Member of Parliament Ravi Karunanayake has submitted a series of proposals to President Anura Kumara Dissanayake, outlining measures aimed at addressing inflation, strengthening monetary policy, and supporting Sri Lanka’s long-term economic recovery.
In a letter addressed to the President, Karunanayake said the monetary policy review scheduled for October 2026 presents a valuable opportunity to better align Sri Lanka’s monetary framework with the country’s long-term development objectives.
Among his key recommendations, the MP proposed revising the country’s inflation target to 2–3 percent, while placing greater emphasis on building foreign exchange reserves, mobilizing domestic savings, promoting capital formation, and encouraging productive economic growth.
Karunanayake stated that adopting these measures would help preserve the value of the Sri Lankan rupee and strengthen macroeconomic stability.
He further noted that such policy reforms would send a strong signal to the international community that the government is committed to safeguarding the savings of citizens and preventing a recurrence of the economic crises that have hampered the country’s development in recent years.
The former minister emphasized that a stable and forward-looking monetary policy framework would be essential to sustaining economic growth, strengthening investor confidence, and ensuring long-term financial resilience.
