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Sri Lanka has big potential than any other country in Asia to become the most viable and attractive regional economic hub. Strategic location, post conflict infrastructure development initiatives, peace and stability, high economic growth and able leadership are the main factors contributing to this potential.
This was stated by the Vice Chairman of the Asian Development Bank Xiaoyu Zhao, in a meeting held yesterday with the Minister of Economic Development at his Ministry.
He has said that Sri Lanka has performed well in its economic development drive after
the end of conflict and has achieved the highest economic growth continuously during the last three years.
Minister Basil Rajapaksa told the visiting ADB Vice Chairman that Sri Lanka is carrying out a balanced growth approach giving priority to the human resources development as well as
to the physical resources development. He has explained that as indicated in the Mahinda Chinthana Vision the government does not intend to follow a development strategy isolated from the people. Therefore numerous development programmes directly aimed at the wellbeing of the people has been initiated while implementing massive infrastructure development programmes and large scale development projects related to production and service sectors.
He has pointed out that the Divi Neguma development programme, the Gama Neguma - village reawakening programme, Pura Neguma – small township development programme and regional development programmes were initiated to divert the economic benefits directly to the
ordinary people. He has said that at the same time government initiated tourism development programme, direct foreign investment incentive programme etc as a part of overall economic growth strategy.
Minister Rajapaksa has further explained that under the ADB assistance three main projects, Conflict affected regional emergency project, Post conflict emergency for livelihood restoration of resettled internally displaced people (IDP) in the North project and North East community restoration and development project have been implemented very successfully, and some of these projects are near completion and other projects are progressing well. He has thanked the ADB for the assistance given to bring normalcy to the country after ending the three decades of conflict.
The ADB Vice Chairman Xiaoyu Zhao is on an official visit to the country to assess progress on the ADB assisted projects in Sri Lanka. Ms. Rita O'Sullivan, ADB's Country Director in Sri Lanka, Prof. Sunanda Madduma Bandara, Director General of the Ministry of Economic Development, S.B. Divarathna, Secretary, Presidential Task Force, and Ms. Saroja Sirisena, Director General of External Affairs also attended the meeting.(niz)
http://www.news.lk/news/business/3264-sl-the-most-viable-and-attractive-economic-hub-in-asia-zhao-adb
This was stated by the Vice Chairman of the Asian Development Bank Xiaoyu Zhao, in a meeting held yesterday with the Minister of Economic Development at his Ministry.
He has said that Sri Lanka has performed well in its economic development drive after
the end of conflict and has achieved the highest economic growth continuously during the last three years.
Minister Basil Rajapaksa told the visiting ADB Vice Chairman that Sri Lanka is carrying out a balanced growth approach giving priority to the human resources development as well as
to the physical resources development. He has explained that as indicated in the Mahinda Chinthana Vision the government does not intend to follow a development strategy isolated from the people. Therefore numerous development programmes directly aimed at the wellbeing of the people has been initiated while implementing massive infrastructure development programmes and large scale development projects related to production and service sectors.
He has pointed out that the Divi Neguma development programme, the Gama Neguma - village reawakening programme, Pura Neguma – small township development programme and regional development programmes were initiated to divert the economic benefits directly to the
ordinary people. He has said that at the same time government initiated tourism development programme, direct foreign investment incentive programme etc as a part of overall economic growth strategy.
Minister Rajapaksa has further explained that under the ADB assistance three main projects, Conflict affected regional emergency project, Post conflict emergency for livelihood restoration of resettled internally displaced people (IDP) in the North project and North East community restoration and development project have been implemented very successfully, and some of these projects are near completion and other projects are progressing well. He has thanked the ADB for the assistance given to bring normalcy to the country after ending the three decades of conflict.
The ADB Vice Chairman Xiaoyu Zhao is on an official visit to the country to assess progress on the ADB assisted projects in Sri Lanka. Ms. Rita O'Sullivan, ADB's Country Director in Sri Lanka, Prof. Sunanda Madduma Bandara, Director General of the Ministry of Economic Development, S.B. Divarathna, Secretary, Presidential Task Force, and Ms. Saroja Sirisena, Director General of External Affairs also attended the meeting.(niz)
http://www.news.lk/news/business/3264-sl-the-most-viable-and-attractive-economic-hub-in-asia-zhao-adb