President Anura Kumara Dissanayake has directed officials of the Ministry of Finance to implement measures aimed at fortifying and improving the efficiency of the nation’s financial system.
The President issued these directives during a discussion held at the Presidential Secretariat today (12) with senior officials from the Ministry of Finance.
Highlighting the importance of financial stability, President Dissanayake emphasized that the Central Bank, operating as an independent institution, will take all necessary actions to stabilize the country’s financial framework. The government, he assured, will extend its full support and cooperation to facilitate these efforts.
The President also stressed the need for establishing a robust mechanism to enhance the efficiency of banking operations and financial activities.
During the discussion, officials undertook a comprehensive review of the current economic and financial developments. The Central Bank committed to introducing new policies to ensure the stability and resilience of the financial system.
Furthermore, discussions centered on reinforcing existing macroprudential policies within the financial sector to safeguard against systemic risks.
With the gradual stabilization of the economy, officials expressed optimism about achieving sustainable growth in asset quality, improved risk management practices, and strengthened capital structures, which are expected to drive the financial system’s performance in the future.
The meeting was attended by Minister of Labour and Deputy Minister of Economic Development Professor Anil Jayantha Fernando, Minister of Justice and National Integration Attorney-at-Law Harshana Nanayakkara, Deputy Minister of Finance and Planning Dr. Harshana Suriyapperuma, Secretary to the Ministry of Finance Mahinda Siriwardena, Central Bank Governor Dr. Nandalal Weerasinghe, and other senior officials.
