United States Ambassador to Sri Lanka, Julie J. Chung, said on Friday that the US Government is eager to work with President Anura Kumara Dissanayake and his administration to further strengthen US-Sri Lanka bilateral ties, including promoting economic growth and supporting the country’s ongoing economic reforms.
She was speaking at the Annual General Meeting (AGM) of the American Chamber of Commerce in Sri Lanka, at the ITC Hotel in Colombo. Ambassador Chung welcomed President Dissanayake’s commitment to attracting new foreign direct investments (FDIs).
She stressed the importance of Sri Lanka adhering to the International Monetary Fund (IMF) program, particularly in reforming inefficient state-owned enterprises and combatting corruption.
“The US Government will support Sri Lanka’s efforts to attract foreign direct investments,” said Chung. Highlighting the significance of maintaining transparency and high standards in securing foreign investments, she said that a stable and transparent business environment would attract more international investors, leading to job creation and economic growth.
Chung reiterated the US’s position: “It is essential for Sri Lanka to adhere to the IMF program, with a focus on reforming inefficient state-owned enterprises and fighting corruption.”
The Ambassador also emphasised the critical role of the United States as Sri Lanka’s largest export market, calling for enhanced productivity and export capacity. She praised the American Chamber of Commerce for its role in this process and stressed the need for collaboration to advance economic recovery and innovation.
“Looking ahead, expanding economic growth will remain a key goal for Sri Lanka. US companies can and should lead the way forward,” she said.
Chung also acknowledged the American Chamber’s economic policy white paper, which she said had provided insightful recommendations on sustainable development, anti-corruption efforts, good governance, and economic reforms.
“We must continue this work, alongside efforts to empower women as future leaders in Sri Lanka,” she said, adding: “Sri Lanka now has its third female Prime Minister, a shining example for many young girls.”
