Policy actions to be taken to overcome the current crisis in Sri Lanka

• Strengthening of key government agencies responsible for economic policy, planning, and public sector financial management, including the finance ministry, treasury, and central bank.
• Promoting more clearly defined property rights through legal and administrative reforms.
• Strengthening the banking sector and financial markets.
• Improving corporate governance by helping to establish appropriate legal, institutional, and regulatory frameworks.
  
• Supporting the development of micro-enterprises and small/medium enterprises. This can be done through a variety of means – for example, by helping the government create an appropriate regulatory environment, developing business skills and knowledge, and by promoting improved access to financial services and other business services.
• Improving delivery of basic services such as health, education, water, and sanitation, through the public and private sectors.
• Strengthening the rule of law and improving legal systems, including central regulatory bodies.
• Promoting respect for human rights, and strengthening democratic processes, civil representation, and participation. 
• Improving public administration generally – a competent and effective public sector is needed to implement reforms effectively and to ensure efficient delivery of public services. 
• Strengthening trade policies and procedures, participating in regional and global trading arrangements, and promoting trade and investment opportunities. 
• Creating an efficient and equitable taxation system – one that enables the government to properly fund public services and income transfers to the poor but, at the same time, does not act as a barrier to private sector development.  
• It must pave the way for equal opportunities for every citizen of the country, regardless of race, religion, or language. 
• There is a need for all political parties concerned to work together in a coordinated manner, to achieve agreed goals.