• Sun. May 26th, 2024

Economic Reformist from Georgia Among Headliners at the Sri Lanka Economic Summit 2022

As Sri Lanka prepares to formulate and implement reforms that will enable economic revival, the
Sri Lanka Economic Summit 2022 organized by the Ceylon Chamber of Commerce will explore
necessary reforms and their implications during Session 1 of the Summit dedicated to
‘Economic Reforms and Implications’, on December 6th .

The session will begin with a fireside chat with the former Finance Minister of Georgia, Aleksi
Alexsishvili who will discuss Georgia’s economic reform story. He is widely credited with
successfully implementing reforms in the areas of public finance, tax and customs policy and
administration and deregulation and liberalisation. During his tenure from 2005-2007, Georgia
was recognised as the world’s number 1 reformer country by the World Bank ‘Doing Business’
survey, improved from 132 nd to 18 th place in the Ease of Doing Business index. During this same
period, the country’s tax burden reduced drastically accompanied by a significant increase in the
rate of tax compliance, while both foreign direct investment and GDP growth rate saw
noteworthy improvement. Governor of the Central Bank of Sri Lanka Dr. Nandalal Weerasinghe
will join the fireside chat, presenting Sri Lanka’s plans for economic reform.

The presentations and discussions that follow will focus on the roadmap to desired fiscal
reforms, as well as prioritising reforms within the framework of an economic reform agenda, in
addition to the outlook on the debt restructuring process and what a 4-year International
Monetary Fund programme will mean for the private sector. The session will also explore the

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