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President calls on banking sector to think out of the box to achieve economic revival

President Gotabaya Rajapaksa has requested the banking sector to deviate from conventional thinking and practice to support the country’s striving to rebuild the economy badly hit by the COVID-19 pandemic.

‘The government was able to keep the corona virus under control.
The biggest challenge we face right now is to rebuild the collapsed economy. It will take a long time for the apparel industry to recover. The tourism industry also has suffered a serious setback. A very large amount of revenue and jobs have been lost. The old economic model based largely on imports is no longer viable. We must move towards a production economy. The banking sector can make a huge contribution to make this a success,” the President said.

President Rajapaksa made these remarks during a meeting held at the Presidential Secretariat, today (14) to discuss how to involve the banking sector in the implementation of Post-Corona Economic Growth and Development Programme while identifying the issues the banking sector confronts with. Governor of the Central Bank Professor W. D Lakshman, Deputy Governors, Chairmen and CEOs of state and private sector banks were present on this occasion.

President Rajapaksa recalling that all sections of the administration, including the health sector, have worked with commitment to overcome the corona menace said that he expects a similar contribution from the banking sector too.