Former Deputy Leader of the United National Party (UNP), MP Ravi Karunanayake, has stressed that the country urgently needs increased investment to revive its struggling economy.
Speaking to the media, Karunanayake said attracting investors should be a top priority, alongside expanding exports to maximize the country’s earnings.
He emphasized that the only sustainable way to reduce the national debt burden is to boost export income, which would also help strengthen economic stability.
Highlighting the importance of foreign reserves, the MP noted that Sri Lanka faces the challenge of raising its current reserves from US$ 6.1 billion to US$ 7.2 billion by the end of this year, with the goal of exceeding US$ 9 billion by 2026.
