|
Bank lending interest rates have come down drastically to about seven to eight percent during the past one and half years. Banks have lent Rs.1, 600 billion for economic activities during this period.
The Central Bank ensured that inflation was brought down parallel to interest rates, stated Central Bank Governor Ajith Nivard Cabraal, speaking at the Business Today Top 10 Award Ceremony 2008-2009 held recently at the Hilton Colombo.
Unemployment rates have been brought down. Political stability has been provided, business confidence levels are positive, business development levels have been uplifted to a level which we have never experienced in the past and our position has been stable, quoting the CB Governor Daily News reported.
We have provided economic fundamentals, which is one of the most important areas as far as the economy is concerned. Many new opportunities are rising in the country and all economic activities have increased remarkably, Cabraal said.
Foreign investors are keen to enter the market and look at ways they could invest in our country, he said.
Sri Lanka is already enjoying some of the benefits. But it will take us some time to absorb the whole as we do not feel it immediately. But in time to come we will see a prosperous country,” he further stated.
|