Wealthy future

Southasia - - BRIEFINGS -

Sri­Lanka is likely to at­tain the per capita in­come of US$7500 in six years. This was an­nounced by the Cen­tral Bank Gover­nor, Ajith Ni­vard Cabraal, who claimed that with re­al­is­tic economic trends, this mark could be achieved even be­fore six years. Cabraal is cer­tain that Sri Lanka will be “a much sought af­ter coun­try by both in­vestors and even for em­ploy­ment.”

Al­though he ad­mit­ted that the public debt is high – at 58 per­cent – he claimed that it is de­clin­ing and the gov­ern­ment of Sri Lanka is try­ing to bring it down to 3 per­cent by 2016. Sri Lanka’s economic sta­bil­ity and low in­fla­tion has also been en­dorsed both lo­cally and glob­ally as the Cen­tral Bank has claimed that it has re­ceived a pos­i­tive re­sponse to the trea­sury bonds is­sued for 30 years.

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