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FINANCIAL CHRONICLE™ » CORPORATE CHRONICLE™ » Firm commitment given to investors even with difficulties: State Minister Cabraal

Firm commitment given to investors even with difficulties: State Minister Cabraal

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ErangaDS

ErangaDS
Manager - Equity Analytics
Manager - Equity Analytics

Firm commitment given to investors even with difficulties: State Minister Cabraal

October, 6, 2020


Firm commitment given to investors even with difficulties: State Minister Cabraal Untitled-36
The government's highest priority is to strengthen the economy and get the country back on the growth track,  State Minister for Finance, Capital Market, and State Enterprise Reforms, Ajith Nivard Cabraal stated and added that firm commitment has been given to investors even with the difficulties that they were facing.
The State Minister was responding to a question raised by SJB MP Kabir Hashim in parliament today (06).
MP Kabir Hashim:  After the war, the growth rate increased in 2012, but again in 2013 it decreased by 4.5%. There was no huge growth spurt as you all saying. It was construction driven, and there was no huge growth in the country. No production drive. It was a temporary thing.
State Minister Cabraal: I’m giving facts and figures from Sri Lanka’s Central Bank report. So if you have a problem with those please go and fight with them. We have had a growth of just 3.7%. That is all. 3.7% during the period of the Yahapalana Government. That was all. Before that during President Mahinda Rajapaksa's regime, the total average annual growth was 6.8%. Now we are getting the country back on the growth track and we have given a firm commitment to investors that even with the difficulties that we are facing. Even with the lesser amount of reserves we have inherited, we will still honor all our debts and we will continue to do that."

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