[/table]
Column 1 1
Column 1Growth in Sri Lanka
http://web.worldbank.org/WBSITE/EXT...73~piPK:34003707~theSitePK:579398,00.html
[/P]
Sri Lanka’s economic growth remains uneven. The economy has been resilient to adverse shocks like the ethnic conflict and the devastating tsunami. However, the relatively strong growth record has proved inadequate to substantially reduce poverty beyond the urban areas. Rapid growth in the services and industry sectors has concentrated in urban areas, while stagnation in agriculture has adversely impacted the rural economy where most of the poor live.
Current Status
The economy performed satisfactorily during the last three quarters of 2005, recording above 6% growth in each quarter and ending the year with a per capita income close to US$1,200.
Impediments to Sri Lanka achieving a higher overall growthThe World Bank’s assistance to Sri Lanka to achieve higher growth
- In the short term, impact of high international oil prices on a small open net oil importing economy with a weak fiscal framework
- In the medium to long-term, inadequate investments in economic infrastructure (e.g., power, roads)
- Restrictive labor and land markets
- Weaknesses in the macroeconomic framework
- Political uncertainty linked to frequent elections in fragile governments
- Uncertainty about the prospects for peace
- The Road Sector Assistance Project: US$100 million credit to finance development of the national road network
- Analytical and Advisory Services (AAA) to help Sri Lanka address the impediments to growth. Recent analytical works include:
[/table]
CENTRAL BANK OF SRI LANKA
SELECTED
ECONOMIC INDICATORS
http://www.cbsl.gov.lk/pics_n_docs/_cei/_docs/ei/mei_2015_09.pdf
Sri Lanka: Towards
Macroeconomic Stability and
Growth
http://www.ips.lk/news/newsarchive/2013/15_10_2013_soe_2013_ips/dushni_soe_2013.pdf
Kind Regards
DYOR !!!
- Forums
- ASX - By Stock
- News; News; News is coming
Column 1 Column 1Growth in Sri Lanka...
-
- There are more pages in this discussion • 17 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add MRF (ASX) to my watchlist
Currently unlisted public company.
The Watchlist
LU7
LITHIUM UNIVERSE LIMITED
Alex Hanly, CEO
Alex Hanly
CEO
SPONSORED BY The Market Online