Lanka's GDP per capita up

Sri Lanka has ascended from the lowest income earning countries to middle level earners with the increase of GDP per capita by 88.9 per cent.

This situation enabled the government to transact with the IMF from which a loan worth of US$ 1.9 billion is expected in an understanding manner, said Media Minister Lakshman Yapa.

Addressing a press conference at the Media Ministry, Yapa said inflation in the country has reduced from 28% in 2008 to 7.6 per centage though the percentage of loan per person increased by 54 percent.

The total unsettled loans as against Gross National Production has seen drastic decrease since 2005.

The percentage of total unsettled loans as against the Gross National Product was: 2002 - 105.5 per cent, 2003 - 105.5 per cent, 2004 - 105.5 per cent, 2008 - 85 per cent.

According to Minister Lakshman Yapa Sri Lanka is entitled to claim a loan of US$ 3.2 billion from the IMF but the country has sought only US$ 1.9 billion.CP