Strategic Shift: Dissanayake Appoints Suriyapperuma as Treasury Secretary

In a strategic move, President Anura Kumara Dissanayake has appointed Harshana Suriyapperuma as the Secretary to the Treasury. Suriyapperuma, a central figure in negotiations with the International Monetary Fund (IMF) regarding Sri Lanka's bailout, leaves his role as Deputy Minister to succeed Mahinda Siriwardena, who retired from the position.

The change comes amid significant economic reforms following Sri Lanka's severe financial crisis, which began with its first sovereign default in April 2022. Under Siriwardena's leadership, the island nation managed to secure a vital bailout in March 2023. Dissanayake's decision to appoint Suriyapperuma is seen as a strategic step to ensure continuity in recovery efforts and maintain momentum on the financial front.

In the context of IMF's recent commendation of Sri Lanka's reform progress, this appointment signals a continued commitment to stringent fiscal policies and economic reform. The transition reflects the administration's focus on leveraging experienced negotiators to navigate ongoing challenges and opportunities in steering the nation's fiscal future.

(With inputs from agencies.)