Foreign Minister Ali Sabry delivered a statement at the Governor’s Business Session on 4 May 2023 at Incheon, South Korea to attend the 56th Annual Meeting of the Board of Governors of the Asian Development Bank (ADB), scheduled to be held from 2-5 May 2023, representing President Ranil Wickemesinghe.

The Annual Meeting is a high-level event, including Ministers of Finance, Governors of Central Banks, Senior Officials of the major global banks, companies and media.

‘We are looking forward with a glimmer of hope as we have just navigated our way out of the abyss of extreme complications. During the last 10-12 months we have adopted strenuous & difficult action to control inflation & we have seen our currency marginally appreciating.. we begin a new journey to build a vibrant & resilient economy to face the current challenges. Learning from the past, we are undertaking painful reforms. We have laid the basic foundation for transforming the economy & have launched a comprehensive economic reform program’