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Remarkable growth in human development says Dr Amunugama

Sri Lanka recorded a remarkable growth in human development, while in the South Asian region, it is on top, International Monetary Co-operation Senior Minister Dr Sarath Amunugama said.

Participating as the Chief Guest at the launch of the Sri Lanka National Human Development Report 2012 at the Institute of Policy Studies yesterday, Dr Amunugama said according to a recent Central Bank report, there was a significant growth in the GDP in several provinces, specially in the Northern and Eastern, partly due to the end in the conflict.

The minister said government investment in these areas increased dramatically.

"The allocation of resources for the country's development depends on the wealth of the government," he said

"The government allocates resources for the development of both rural and urban areas," Dr Amunugama said.

He said the country's GDP recorded a favourable growth.

"Everybody is talking about poverty. No one is talking about the rise of the middle class population. The rise of the middle class population proves poverty reduction. The middle class population can push the country's economy," the minister said.

He said a new class of people will emerge and will transform Sri Lanka into a strategically important economic centre.

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