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Thursday, July 11, 2013 - 09.10 GMT

IMF assures continued support to Sri Lanka


The International Monetary Fund (IMF) while commending President Mahinda Rajapaksa for his role in developing Sri Lanka assured continued support.

Dr. Anoop Singh, International Monetary Fund's Director for Asia and Pacific region, who arrived in the country to participate in "Sri Lanka Economic Summit", gave this assurance when he met President Rajapaksa at Temple Trees yesterday evening. "You have brought Sri Lanka to a higher level of development within a short period", said Dr. Singh. He went on to add: now it is time to focus on long term economic stability.

Sri Lanka's economy has stabilized to a satisfactory level during the past three-four years, responded the President. "Our problem is high cost on fuel and negative consequences of climate change", added President.

Recalling his visit few years ago to Sri Lanka, the IMF Regional Director stated, here is vast improvement visible now. Government gave priority to the development of infrastructure facilities such as road, electricity and telecommunication, and people are reaping the benefits now, the President said.

As Asia is the center of global economic growth in the 21st century, President Rajapaksa's decision to further enhance relationship with East Asian countries including China is a correct step, Dr. Singh added.

Dr. Koshy Mathai representing the IMF, and the Secretary to the Treasury Dr. P. B. Jayasundara participated in this discussion.





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Last modified: July 11, 2013.

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