Private investment is the key for economic growth, Sri Lanka Finance Minister emphasizes
Sri Lanka's Minister of Finance and Mass Media Mangala Samaraweera emphasizing that private investment is the key for economic growth of any country said the Sri Lankan government has focused its attention to create a conducive environment for foreign investment and to further expand the existing investment opportunities.
At a re-investment networking event organized by the Board of Investment on Tuesday, Minister Samaraweera pointed out that Sri Lanka's post war economic growth however, was dominated by a debt funded state driven construction boom.
"This was always going to be an unsustainable growth path and it has contributed to the debt overhang we are grappling with today," he said.
The focus of this government since coming to power has been to improve the investment climate ...