Exports Are Key to Long-Term Economic Recovery: Central Bank Governor

18-Jun-2026

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Central Bank Governor Dr. P. Nandalal Weerasinghe said a strong export sector is essential for Sri Lanka's long-term economic stability.

Addressing the launch of the National Export Development Plan 2026-2030 in Colombo, he noted that while tourism and foreign remittances have contributed to the country's recovery, they alone cannot guarantee sustainable growth.

He pointed out that Sri Lanka's export earnings have remained around US$12 billion annually over the past decade, with garments and tea accounting for nearly half of total exports. In addition, around 40% of exports are concentrated in Europe and the United States.

The new export strategy seeks to diversify products and markets, promote high-value manufacturing and digital services, and integrate Sri Lanka more deeply into global supply chains.

The Governor said the Central Bank is supporting exporters through stable macroeconomic policies, a flexible exchange rate regime, lower inflation, improved trade financing and digital payment systems.

He stressed that the success of the programme would depend on effective implementation and cooperation between the government, private sector and other stakeholders.