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HomeSri Lanka NewsCollective efforts can resolve financial disaster - Setting Minister

Collective efforts can resolve financial disaster – Setting Minister


Minister of Setting Hafiz Naseer Ahamed who assumed duties on Tuesday is hopeful that the present financial disaster may very well be resolved with the collective efforts of all political events in Parliament. Minister Ahamed informed the Sunday Observer yesterday that the Authorities has shaped an All-Occasion member Cupboard which may resolve the nation’s issues collectively.

“Nationwide issues can’t be solved individually by events, now, we’ve got come collectively to beat the financial disaster. I’m hopeful that this unity in range with a Cupboard shaped with all events will work for the higher good of the nation and it could come out with a bundle of aid measures for the folks.”

“Our cooperation with the Center Jap international locations must be improved,” mentioned Ahamed, an engineering graduate of the King Fahd College of Petroleum and Minerals in Saudi Arabia.

He mentioned international locations reminiscent of Saudi Arabia, the United Arab Emirates, Kuwait, Qatar and Oman and another international locations have diplomatic relations with Sri Lanka.

“Saudi Arabia has been serving to us in good and unhealthy occasions. Its Saudi Growth Fund has given over $650 million to Sri Lanka by means of grants and loans to construct infrastructure amenities from 1985. The Nationwide Trauma hospital in Colombo and the Kinniya bridge had been constructed utilizing funds supplied by Saudi Arabia.

The Minister mentioned that his fast precedence is to talk to Saudi Arabia and different international locations within the Gulf to request for a long-term credit score line to purchase crude oil, fuel and aviation gasoline to tide over the current disaster.

“We’re ready to provide wanted collateral for such amenities,” he mentioned including, “We additionally invite Saudi Arabia to be companions in strategic investments within the fields of Info Know-how, agriculture, actual property to go well with their necessities.”

He mentioned that the international locations within the Center East are additionally necessary as a result of it’s residence for Sri Lankan migrant employees. “Round a million of the 1.5 migrant employees are within the area they usually carry residence the biggest proportion of the US$ 7 billion remitted to our nationwide coffers.”

He mentioned the nation must ship extra expert employees to those international locations to earn international change.

“Because the launch of Imaginative and prescient 2030 in 2016, the Kingdom has taken steps to scale up its local weather motion and environmental safety,” the Minister mentioned, including that underneath the patronage of Crown Prince Mohammed bin Salman, the Saudi Inexperienced Initiative now takes efforts to go to the following degree by unifying all sustainability efforts within the Kingdom to extend reliance on clear power, offset the influence of fossil fuels and fight local weather change.

“Now, that I’ve given the Ministry of Setting, we are going to discover how finest Saudi Arabia and Sri Lanka can cooperate with one another within the implementation of the Saudi Inexperienced Initiatives,” he mentioned.

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