He mentioned how Sri Lanka faced significant social, economic and political challenges in the past year, including threats to democratic traditions but managed to achieve a democratic transition.
He highlighted efforts to stabilize the economy, including economic reforms and foreign assistance. The President’s intention is to lead Sri Lanka towards sustainable recovery and growth, benefiting all segments of society and ensuring peace, prosperity and reconciliation.
The President also discusses the global geopolitical landscape, emphasizing the interconnectedness of various challenges, such as climate change, debt and sustainable development. He stresses the need for international solidarity and climate finance, particularly for smaller, climate-vulnerable and debt-ridden countries.
President Wickremesinghe mentions Sri Lanka’s commitment to climate action, including renewable energy goals, forest conservation and emissions reduction while expressing concern about the impact of climate change on food security, clean energy and livelihoods, emphasizing the urgency of mobilizing climate finance.
The President called on developed countries to fulfill their commitments, provide assistance and assume their share of responsibility, while underscoring the importance of restructuring the international financial system to address climate change and sustainable development.
Additionally, the President emphasizes the need for reform in multilateral institutions like the UN, particularly the expansion of the Security Council’s composition. He emphasizes the importance of disarmament and the impact of global military expenditures.
The President also expresses concern about big power tensions and their impact on international cooperation, including trade and ocean governance. They stress the preservation of a rules-based multilateral trading system through the WTO.
This story is from the October 2023 edition of Business Today Sri Lanka.
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This story is from the October 2023 edition of Business Today Sri Lanka.
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