Government's economic initiatives laudable - UK Minister   
[Tuesday, March 20, 2007 - 9.00 GMT]    

The Sri Lanka Government's economic initiatives particularly its success in implementing major infrastructure development projects amidst challenges and efforts to encourage investment of foreign and local capital into conflict affected areas were lauded by the British Chief Secretary to the Treasury, Stephen Timms when he met with visiting Sri Lankan Foreign Minister Rohitha Bogollagama recently.

Minister Bogollagama explained to the Chief Secretary the economic strategies of President Mahinda Rajapaksa who is Minister of Finance and Planning too; country's economic resilience in spite of the conflict in the
country, and how it has succeeded in achieving a 7% growth rate and attracted over $ 600M in foreign direct investment during the course of last year.   

He also reiterated the Sri Lanka Government's commitment to a negotiated settlement of the conflict in the North and East and explained the progress
made in introducing constitutional reforms to devolve power in the country.

(Economic & Market Bulletin - March 16, 07)

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Last Updated Date: March 20, 2007 - 9.00 GMT