[Sri Lanka] - Sri Lanka to leave insolvency after tomorrow s talks with sovereign bondholders - President

INSUBCONTINENT EXCLUSIVE:
President Ranil Wickremesinghe announced that a crucial discussion between the Government of Sri Lanka and international sovereign
bankruptcy is fully resolved, he said.The President also expressed his satisfaction, stating that he was entrusted with a task and he is
President questioned why Sajith Premadasa and Anura Kumara Dissanayake did not take over the government two years ago if they had solutions
address, President Wickremesinghe reiterated his commitment to guiding Sri Lanka toward economic recovery and development.Addressing the
On September 21, the people of this country will make a decision about their future
I have lived my life as a politician, and as citizens, you have placed your trust in political leaders
their responsibilities.I stepped in and took over a country in dire straits
As leaders, we must face challenges
There are moments of both joy and hardship
We hear praise and criticism alike
Our names become well-known, then forgotten
The political process brings both gains and losses, and we are forced to make tough decisions.Even when I was rejected by the people, I made
the choice that I could not turn my back on them
As the leader of this country, I accepted the challenge and chose to stand by the people, not to abandon them
bankrupt nation, with no foreign reserves
Our bondholders had lost faith in us
We reached agreements with the International Monetary Fund (IMF), the World Bank, and the Asian Development Bank, which have allowed us to
move beyond bankruptcy and begin to rebuild.We have also worked with countries that lent us money
Together, we have created a new framework to recognize our debt sustainability, demonstrate that we are no longer bankrupt, and move towards
development
before the presidential election on September 21, the work I was entrusted with has been successfully completed
This gives me great satisfaction.Throughout this process, we have had to make difficult and unpopular decisions
There was no alternative
People faced hardships, but I worked to address and resolve those issues
Today, the rupee has strengthened, the prices of goods have gradually come down, and the people have received some relief
I am also committed to fully easing the cost of living by 2025.We must move the country forward and think about the next steps we need to
take
I have already passed the necessary laws for this, including the Economic Transformation Act, which gives us the foundation to
advance.Today, Sajith and Anura are talking about canceling the agreement with the International Monetary Fund
seek is power
If they cancel the IMF agreement, it would have to be renegotiated, causing us to lose international trust, and we could find ourselves back
cost of living, and develop the nation.The people must decide whether to stay on a proven path or risk getting lost on an uncertain one
match
The team is chosen by Parliament
I am asking for your mandate to embark on a new journey
creating jobs, and building a new economy, I aim to move this country forward with pride, without losing foreign exchange