CBSL Chief Urges Parliament to Lead Structural Reforms for 6-7% Growth 📈

• Key Growth Estimates: Central Bank of Sri Lanka (CBSL) estimates current potential growth at ~4.5% (IMF estimates ~3%), but Governor Dr. Nandalal Weerasinghe highlighted that reaching a 6%-7% potential requires parliamentary action on structural reforms, not just monetary policy. • Critical Policy Priority: A 20-year structural decline in the tradable sector relative to the non-tradable sector must be reversed through urgent reforms in trade, investment, customs, land, and labor markets to prevent recurring external financing gaps. • Government Reform Agenda: Industry Deputy Minister Chathuranga Abeysinghe noted key growth drivers, including implementing trade policy, developing 11 economic zones, supporting SMEs, and releasing ~Rs. 100 Bn in low-cost capital via the Finance Ministry. • Cross-Party Alignment: CoPF Chairman Dr. Harsha de Silva welcomed political convergence on necessary economic changes, emphasizing that bipartisan support is crucial to break decades of reform resistance.