Sri Lanka, June 17 -- Sri Lanka must maintain a firm focus on reforms, private sector empowerment and consistent policymaking, to secure a lasting economic recovery and sustainable debt levels, Central Bank Governor Dr. Nandalal Weerasinghe said yesterday, cautioning that the country's transition remains fragile.

"These would be critical to put the economy on a path towards lasting recovery and debt sustainability," Dr. Weerasinghe said at the opening of a high-level forum in Colombo, co-hosted by the Finance Ministry, Central Bank and International Monetary Fund.

Dr. Weerasinghe, in his address, acknowledged the magnitude of the economic collapse in 2022, describing it as the nation's first simultaneous sovereign debt and balance of pa...