President details growth at Economic Forum 2007

[January 29, 2007- 6.30 GMT]

 

"Against all these challenges [of terrorism, heavy rains, floods and earth slips etc.] and complexities in our political economy, our Government sustained an economic growth in excess of 7 percent during 2006 - a further improvement from the growth of 6.2 percent in 2005. Unemployment declined to 6 percent. We have seen an export growth of around 8 percent. We have attracted overseas remittances of over 2 billion US Dollars. We managed to attract foreign investment in excess of 500 million US Dollars - twice the level of annual FDIs in our country. Income from tourism exceeded 400 million US Dollars," said President Mahinda Rajapaksa addressing the inaugural session of the Sri Lanka Economic Forum - 2007, at Galle today.

President Rajapaksa added: "We consider development in liberated regions and in rest of the North and East as critical in promoting sustainable peace and finding meaningful solutions to many potential conflicts within multi-ethnic and multi-religious societies. I have no doubt that our development partners will therefore separate terrorism from a conflict in a complex multicultural society with many income and regional disparities,"

The Ministry of Finance and Planning takes the leadership in organizing the Sri Lanka Development Forum - 2007, which will be held at the Light House Hotel, Galle today and tomorrow.

In addition to the participation of the Government at the highest level, the Forum will have high level representatives from over 50 countries and international donor agencies; representatives from the private sector; NGOs, Civil Society, Trade Unions and other stakeholders. A total over 200 delegates are expected to participate. .

The President sad that: "Two years ago, this city and several other areas of Sri Lanka were damaged by the Tsunami. We take modest pride in the fact that this city and other areas so affected have now returned to near normalcy and that we have been able to hold this forum in this city with the participation of our development partners."

"The same speed of recovery that we are witnessing in the south could have been seen in the North and East as well, and we could have probably organized this forum in Trincomalee, if not for the violence and terrorist activities of the LTTE."

"We give high priority to a nation-wide infrastructure network to accelerate growth in lagging regions. In this context, accelerated development in electricity, irrigation, transport, seaports and airports, and urban amenities has been identified as key priorities under "Randora" - the Government's infrastructure development strategy."

Full text of the statement:

 


 

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