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Monday, 11 January 2010

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Despite global recession:

Sri Lanka records positive growth rates

Sri Lanka is one of the few countries which has been able to record positive GDP growth rates in 2009 despite the global recession. The main reason for this was that President Mahinda Rajapaksa had a clear policy and a vision towards the country’s economy, Central Bank (CB) Governor Ajith Nivard Cabraal said.

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Credit access key for development:

Dairy farm industry very lucrative

Credit access is the key for development and the development banks throughout the country have given an immense support to the small and medium entrepreneurs to expand their businesses. If not for the development banks there would not have been a large contribution to the GDP from the SME sector. Therefore, the development banks are vital for a country to introduce entrepreneurs while expanding the business community.

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Promoting country’s image:

Exsisting investors best ambassadors

Sri Lanka has attracted US $ 2.5 billion worth of investments for the last four years and with the growing investor confidence there are more opportunities to enhance the investment level.

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Central Bank Governor Ajith Nivard Cabraal and Export Development and International Trade Minister G. L. Peiris at the “Economic Prospective of 2010 and Beyond. Picture by Sudath Nishantha



 
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