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30.03.2022 / 09:54
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Sri Lanka will prevail & engineer rapid economic recovery; President tells BIMSTEC
COLOMBO (News 1st); Sri Lankan President Gotabaya Rajapaksa said the loss of tourism and remittances from expatriate workers, alongside the cost of healthcare programs, and provisions of welfare for those whose lives were affected by the pandemic have combined with rising global inflation, and our historic debt servicing obligation created a challenging situation for Sri Lanka today.President Rajapaksa speaking at the fifth Bay of Bengal Initiative for Multi-Sectoral Technical and Economic Cooperation (BIMSTEC) Summit in Colombo noted “However, I am confident, together with the remarkable strength and resilience of the people, tried and tested over time, and the cooperation of regional and international partners, Sri Lanka will prevail over these difficulties and engineer rapid economic recovery.”He appreciated the support of several BIMSTEC states in the aforementioned endeavor.“Enhanced cooperation between member states will be necessary not only for economic recovery but also for greater economic prosperity, better public health, and improved regional resilience in the long-term,” said the President noting he is confident of achieving these aspirations.“The signing of the BIMCTEC charter will be a significant step towards increasing the organization’s role, not just within the region, but also as a driving force in global affairs,” he noted.He said that the Bay of Bengal Region is increasingly important for global connectivity and trade, adding that the international shipping lines that navigate through these waters help keep the engines of the global economy running.President Rajapaksa said it is essential for nations to work together to ensure that the threats to these waters and regional states are curtailed.“Such