IMF backs Lanka’s fiscal policies
The International Monetary Fund (IMF) is
optimistic of Sri Lanka's economic prospects and the country has
taken several meaningful steps to thrust economic growth, said IMF
Resident Representative in Sri Lanka Dr. Koshy Mathai. Speaking at
the HSBC organized Power Breakfast meeting at Colombo Hilton
yesterday he said the depreciation of rupee was a step in the right
direction. “It is good that the currency rate is now decided by
market forces rather than it being set by the Central Bank,” he
said.
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Stage set for Expo 2012
A significant importance had been paid to
develop exports in many parts of the world and having a vibrant
sector could fuel economic growth in a sustainable manner. The
importance of exports is common to any country. The sector dominates
the economy of any country as in the case in Germany, France, Italy,
Greece, USA, Singapore, Hong Kong, Korea and Malaysia. Therefore,
the key emphasis of our country should be to ensure exports play a
predominant role in keeping with the world trend, Sri Lanka Export
Development Board Chairman/CEO Janaka Ratnayake told ‘Daily News
Business'.
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