FINANCE MINISTER RAVI KARUNANAYAKE CONCLUDES SUCCESSFUL VISIT TO WASHINGTON
Posted on February 19th, 2015

PRESS RELEASE Embassy of Sri Lanka Washington DC 

Washington DC, February 19: Finance Minister Ravi Karunanayake visited Washington D.C. from 17th to 18th February and met with senior officials of the Bretton Woods institutions, the US Treasury, the US Department of State and the White House. He met with Managing Director of the International Monetary Fund (IMF) Christine Lagarde, the World Bank’s Managing Director Sri Mulyani Indrawati, and US Assistant Secretary for Treasury Ramin Toloui as well as US Assistant Secretary of State for South and Central Asia Nish Biswal and the senior officials of the White House.

Finance Minister Karunanayake briefed both the Managing Director of the World Bank and Managing Director of International Monetary Fund (IMF) of the new government’s policy agenda aimed at long-term sustainable development and inclusive growth following the 100 day programme of the Government which has specific tasks to be accomplished. He emphasized that steps have already been taken to eliminate wasteful expenditures and corruption.

IMF Managing Director Christine Lagarde warmly welcomed Finance Minister Karunanayake to the IMF and discussed all aspects of recent developments in Sri Lanka. Minister emphasized the urgent need for increasing government revenue and simplifying country’s tax administration with tax reforms for passing benefits of the development to all Sri Lankans. The Joint Statement issued after the meeting states:
We had a fruitful discussion about recent economic developments in Sri Lanka and the near-term outlook. These discussions will continue in the context of the next regularly scheduled Post-Program Monitoring mission led by Todd Schneider, which will visit Sri Lanka from February 23 through March 4. IMF Asia and Pacific Department Director Changyong Rhee will also join the mission to meet with senior officials.

The Post-Program Monitoring mission is expected to be followed by IMF technical assistance missions focused on tax policy and administration, public financial management, and financial sector supervision.

Management level dialogue will continue on the occasion of the Spring Meetings of the IMF and the World Bank in April.”

The World Bank Managing Director Indrawati welcomed the new government’s emphasis on improving governance, transparency and accountability and assured the World Bank’s continued assistance to Sri Lanka in its development efforts, including during this critical transformation period. She assured that the World Bank would favorably consider request for program support under its Development Policy Loan (DPL) scheme. Highlighting the importance of close partnership between Sri Lanka and the World Bank and Managing Director Indrawati echoed the importance of the visit by Bank’s Vice President for South Asia Region Annette Dixon and team currently in Sri Lanka for ongoing consultations with the Sri Lankan Authorities. Minster Karunanayake appreciated Managing Director Indrāvati’s offer of assistance and invited her to visit Sri Lanka at an early date

Minister Karunanayake also met senior officials of the US Treasury and discussed developments in Sri Lanka. The Minister sought US technical assistance for capacity building in tax reforms. Assistant US Treasury Secretary Ramin Toloui assured that official level discussion will continue to identify specific areas for technical assistance.

During the visit, Minister Karunanayake met with Nisha Biswal, Assistant Secretary of State for Central and South Asia and reiterated that the Government will ensure an inclusive political culture and good governance. The Government will focus on sustainable development with the assistance both bilateral and multilateral partners. Assistant Secretary Biswal welcomed the positive initiatives taken by the new government towards an inclusive society in Sri Lanka.

Finance Minister Karunanayke held meeting with the senior officials of the Department of Global Economics and Finance at the White House to discuss recent economic developments in Sri Lanka and briefed White House officials of the Government’s inclusive and sustainable economic policies based on good governance .

Central Bank Governor Arjuna Mahendran and Ambassador Prasad Kariyawasam were associated with the Minister at these meetings.

6 Responses to “FINANCE MINISTER RAVI KARUNANAYAKE CONCLUDES SUCCESSFUL VISIT TO WASHINGTON”

  1. ranjit Says:

    It is not a surprise to see the King of Corruption visits America at this stage to get their assistance. The UNPer’s are famous for running behind whites all the time because they come to power always with their assistance and money. They love to sit and dine with whites. They love to handshake and stand for photographs. They love everything the white pigs do. Most of the Govt Ministers are Christians and the Americans love them more than us Baiyas with sarong and shirt.

    Ungrateful Tamils & Muslims love this Govt because they do not have to fight to get anything but simply getting everything automatically. They are waiting till the UNP wins the General election to get their dreamland without a fight. I hope our Foolish Sinhalese will understand the danger ahead and get united to beat the hell out these UNP traitors before they divide the country and hand over to these two groups.

  2. Ananda-USA Says:

    <bWell said, ranjit!

    ” I hope our Foolish Sinhalese will understand the danger ahead and get united to beat the hell out these UNP traitors before they divide the country and hand over to these two groups.”

  3. Ananda-USA Says:

    “I hope our Foolish Sinhalese will understand the danger ahead and get united to beat the hell out these UNP traitors before they divide the country and hand over to these two groups.”

    Well said, ranjit!

  4. SA Kumar Says:

    Ungrateful Tamils & Muslims love this Govt because they do not have to fight to get anything but simply getting everything automatically.- agreed We wasted 33 years & so many live .

    We already have Saiva TE(NPC) & Muslim TE (EPC) two TE We only fighted for one.

    All thanks goes to our Thesiya Thalavar VP ( if We knew this We would have killed him long time age)

    Thalaiva Nee Vaalka !!!

  5. SA Kumar Says:

    sorry real specking We-Tamil should tanks to ouR Kaddala Thalapathi Thuroki(Dorohiya – right sinhala?) Kruna Amman .
    any VP you rest in peace Sir ( how you VP get rest in peace after killing those so many people that is different mater)

  6. Geeth Says:

    Ananda-USA,
    Yes, that is the exact way to behave like a civilized contributor in this website. Bring your arguments, and confront with ideas and ideologies. Don’t dance thovills in this website anymore. Now you have returned to your senses. Thank you.

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