Economic Development

2014 will be a Year of Expressways

The Central Bank announced that Sri Lanka's external sector remained stable with continued inflows being recorded in the balance of payments.

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Foreign sector inflows stable - Central Bank report

The Central Bank announced that Sri Lanka’s external sector remained stable with continued inflows being recorded in the balance of payments.

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US$ 200 million Budget Support for Second Health Sector Development by the World Bank

Sri Lanka reports better health indicators than most developing countries and many lower middle-income nations. The remarkable achievements are based on our health programmes implemented under visionary guidance of the Mahinda Chinthana: Vision for the Future - Sri Lanka

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Upper Kotmale hydro power plant to be completed in June

(08.05.2012) Ninety six percent of the construction of the Upper Kotmale hydro power plant has been completed. The Upper Kotmale Hydro Power Plant will generate 150 megawatts of electricity. It already generates 75 megawatts and 150 megawatts will be added to the national grid by this June, Power and Energy Ministry sources said. President Mahinda Rajapaksa and Japanese Deputy Prime Minister Katsuya Okada inspected the Upper Kotmale Hydro Power Project on Saturday. The power plant project commenced in 2006 to meet the increasing demand for electricity. The Japanese government provided 37,817 million yen for the project. The Ceylon Electricity Board spent Rs 8,548 million on the project.

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Strong growth in the country

The continuous upgrading of the country's broad infrastructure such as road development, port development, power projects, tourism based projects and airports would greatly benefit the private sector in Sri Lanka to expand and develop their activities. Sri Lanka had to pass through turbulent times but the government had been successful in “making a smooth landing without damages,”said Governor, Central Bank, Ajith Nivard Cabraal who was the guest speaker at the AmCham Luncheon meeting at the Hilton Colombo.

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Improved roads, pathways to development - President

(08.05.2012) President Mahinda Rajapaksa yesterday noted that an improved road network has reduced travel time between areas, supplemented development and established closer links between people. “The government’s emphasis on developing roads has ensured that people spend less time for travel and have more time for work. I feel like the country has become smaller due to improved roads” the President added.

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Divi Naguma Sathi Pola National program Launched

The Government has taken steps to introduce the Divi Neguma Sathi Pola programme for modernising the main weekly fairs throughout the country to meet consumer requirements, since 80 percent of Sri Lanka’s population live in rural and the plantation areas, according to Economic Development Minister Basil Rajapaksa.

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Japanese Investors Meet the Minister of Economic Development

A Japanese business delegation led by Kouhei Watanabe – Chairman , the Japan – Sri Lanka Business Co- Operation Committee and senior cooperate adviser to ITOCHU corporation of Japan met Hon. Basil Rajapaksa, Minister of Economic Development at the Ministry of Economic Development today (15)

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The Highlights of the Economic performance in 2011 at a Glance

The Annual report of the Central Bank of Sri Lanka issued on Monday the 09th April reveals that the US D 59 billion worth of Sri Lankan economy grew by 8.3 percent in 2011, the highest in Sri Lanka’s post independence history, sustaining a growth momentum of over 8 per cent for the first time in two consecutive years.

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Israel   :   Sri Lanka

Embassy of Sri Lanka