Prime Minister Ranil Wickremesinghe has highlighted the need to make policy decisions based on an export oriented economy.
Premier Wickremesinghe said such policies can assist the export industry in overcoming the current economic crisis the country is facing.
The Prime Minister held discussions with heads of banks this morning.
The Prime Minister said there are many challenges to be faced in the future, both locally and overseas.
Premier Wickremesinghe stated around 70 countries are facing difficulties amidst the current global crisis.
The Prime Minister added Sri Lanka is ranked first amongst such countries adding there is a high risk of rising international interest rates.
The Premier noted the danger of rising global food prices is also being observed at present.
However, the Prime Minister added Sri Lanka has a small window, claiming that correct policies can reduce its impact.
The Governor of the Central Bank of Sri Lanka meanwhile said seeking a definitive solution would be a difficult task until an agreement is reached with the International Monetary Fund.
Dr. Nandalal Weerasinghe said the focus is on providing loan deferral relief based on the needs of essential customers.
