SL requires US$ 26.5 bn by 2030 for Climate prosperity plan to succeed – President

Sri Lanka requires USD 26.5 billion by 2030 to make the country’s climate prosperity plan succeed, President Ranil Wickremesinghe said on Thursday (Sep 28).

Addressing the Berlin Global Dialogue in Germany, President Wickremesinghe revealed that the International Monetary Fund (IMF) has predicted that Sri Lanka will have a growth rate of 3.5% if the country is lucky in the next few years.

The President further stated that Sri Lanka needs a new international financial architecture as the existing one makes debt restructuring too complex.

President Wickremesinghe proposed the imposition of sanctions on tax havens, similar to what was imposed on Russia.

“To have a new international financial architecture, constructive dialogue is required between the West and China, US and China as well as between EU and China. Otherwise we will not move forward. This is the stark reality,” he said.

President Ranil Wickremesinghe is currently in Germany attending the Berlin Global Dialogue, which is held today and tomorrow.

According to the President’s Media Division (PMD), the President was scheduled to deliver the opening remarks at the Leaders Dialogue session during the ‘Berlin Global Dialogue’.

President Wickremesinghe will also join a bilateral session with German Chancellor Olaf Scholz and the officials of Germany during his visit.