The United States has lauded President Anura Kumara Dissanayake’s administration for its commitment to economic reforms and anti-corruption measures.
US Ambassador to Sri Lanka, Julie Chung, expressed the US government’s support during a recent statement, noting Sri Lanka’s progress in adhering to the IMF program and its efforts to restructure international sovereign bonds. “We welcome the Sri Lankan government’s commitment to staying on track with the IMF program, finalizing its international sovereign bond restructuring, and creating a transparent, rules-based investment climate,” Ambassador Chung stated.
She emphasized that while achieving stability is an essential first step, Sri Lanka faces the more significant challenge of driving growth, improving productivity, and implementing sustainable economic practices.
The “Clean Sri Lanka” initiative, which aims to reshape the country’s political and economic culture, received special recognition from the US. Ambassador Chung expressed optimism about the government’s pledge to reforms, particularly in areas such as anti-corruption, restructuring state-owned enterprises, honoring contracts, and fostering a level playing field for foreign investors.
“We look forward to seeing concrete steps in this pledge of reforms—whether in anti-corruption measures or beyond. Will inefficient state-owned enterprises be reformed? Will contracts be honored? Will foreign companies have fair opportunities without facing protectionist policies? These are pivotal questions as Sri Lanka progresses,” she remarked.
Support Amid Global Challenges
Ambassador Chung also highlighted global issues, including shipping disruptions caused by Houthi attacks in the Red Sea and economic challenges stemming from Russia’s aggression against Ukraine. She emphasized the importance of planning and navigating these challenges effectively.
The US remains a significant partner for Sri Lanka, offering support through Development Finance Corporation (DFC) loans for small and medium enterprises (SMEs), entrepreneurial training, and technical assistance from USAID and the Treasury Department in areas such as renewable energy, procurement, and tax revenue reform. As Sri Lanka’s leading export market, the US continues to play a vital role in the nation’s economic recovery.
Leadership Transition
Ambassador Chung also noted the forthcoming transition of the US Ambassador to Sri Lanka later this year, as the United States prepares to inaugurate President Trump.
