Give shares of loss making institutions to people - Dy Minister

Katugastota Group Corr

The financial sector of this country should be further strengthened to achieve the per capita income objective of US dollars 4,500 by 2015. To do this, shares of companies should be made available to youth skilled in financial development at the share market said International Monetary Corporation Senior Minister and Finance and Planning Deputy Minister Dr. Sarath Amunugama.

Dr. Amunugama was speaking to journalists on his return after attending the World Economic Conclave held in New Delhi recently.

Dr. Amunugama said that today Banks, finance institution and the capital market in the country have joined hands to work towards economic development. We too should include the capital market into our financial sector.

I have to state this fact even if it leads to a major controversy in this country. Today the country is governed by a peoples' government. Therefore a certain amount of shares in loss-making state institutions should be given to the people by keeping government control over the administration of such institutions.

When this is done shareholders will pressurize the authorities to develop such institutions" Dr Amunugama said.