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| Monday, 28 February 2005 |
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Reconciliation, way forward for Lankan economy by Channa Kasturisinghe Finance Minister Dr. Sarath Amunugama last Friday reassured the business community that the Government is committed to resolve burning problems of the country and said that there is no need for them to be disturbed by various rumours about political instability which could affect the economy. "There is some disquiet among the business community about the present political developments which have been highlighted by the media. We want to assure you that the Government is strongly committed for peace and reconciliation. We are well aware that the future of the country depends on a negotiated settlements for both ethnic and political issues we are facing today," the Minister said. The Minister was addressing the Fund Managers Conference under the theme 'The way forward for the Sri Lankan economy and the Colombo Stock Market,' organised by the HNB Stockbrokers (Pvt) Ltd. in Colombo. He said with substantial donor support now, the country has to get the post tsunami reconstruction under way based on three documents prepared on damage assessment. "The Government has estimated that about US$ 1.6 billion will be the total cost on rebuilding. The three donor agencies, World Bank, Asian Development Bank and the JBIC have also prepared a document which has also estimated a similar amount. Apart from these two, the LTTE too has done a preliminary assessment on the reconstruction in the North and East. We have to consider all three proposals before going ahead with the rebuilding process," Dr. Amunugama said. Eraj Wijesinghe the Chairman of the CSE said that the CSE has already set
up branches in Kandy, Matara and Kurunegala and said that following the
setting up of the Jaffna branch about 50 percent of the CSE turnover would
come from the regional branches. |
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