• #163, Kirulapone Avenue, Colombo 05, Sri Lanka
  • +94 112 51 5759

sintami

SL to be export driven economic financial hub – Finance Minister

Media m news 2017.6 19.2Government's plan is to make Sri Lanka an export driven economic and financial hub of the Indian Ocean, Minister of Finance and Media Mangala Samaraweera said.

 




He made these remarks participating at the Board of Governors meeting of the Asian Infrastructure Investment Bank which was held in Jeju Island in Republic of Korea from the 16th to the 17th of June 2017. The Minister took part in the Governor's round table discussion on ‘financing Asia's infrastructure priorities.’


During the discussion the Minister spoke about Sri Lanka's economic growth which has been driven by large infrastructure projects. Developing physical infrastructure must be done along with administrative and legal frameworks to ensure required policy or regulatory support to streamline and boost public and private investments.


He also said that the Government's plan is to make Sri Lanka an export driven economic and financial hub of the Indian Ocean, while creating unprecedented opportunities in many sectors. In order to achieve these objectives, the government has set out a high-level reform agenda in several key sectors of the economy, facilitating and empowering the private sector as the principle engine of growth.


Formulation of a new trade and investment policy, tax reforms, and various other measures to improve investor climate are also being implemented.


Given the rapid increase in climate related disasters in many countries, like the floods Sri Lanka faced two weeks ago, the building of climate/disaster resilient infrastructure will be of paramount importance for the future. If we are to meet this challenge, we must incorporate climate resilient concepts into all future infrastructure development projects.


Minister Samaraweera also had the opportunity to meet Kim Dong-yeon, the Deputy Prime Minister and the Minister for Strategy and Finance of Republic of Korea, Arun Jaitley, Finance Minister of India and Sri Mulyani Indrawati, Finance Minister of Indonesia for bilateral discussions on the sidelines of the AIIB Conference.

LATEST POSTS

The prorogation of Parliament has no negative impact on the functioning and operation of the Government

13 April 2018

By Gazette notification (Gazette Extraordinary 2066/43 of April 12,2018), with...

Finance Minister meets Indian Foreign Minister in New Delhi

15 January 2018
Finance Minister meets Indian Foreign Minister in New Delhi

Minister of Finance and Media, Mangala Samaraweera called on the...

SC decided President’s term is for five years

15 January 2018
SC decided President’s term is for five years

The Supreme Court has communicated to the Presidential Secretariat that...

Prime Minister’s Thaipongal Day Message

14 January 2018
Prime Minister’s Thaipongal Day Message

Thai Pongal is celebrated by Tamils all over the world...

President’s Thaipongal Day Message

14 January 2018
President’s Thaipongal Day Message

President’s Thaipongal Day Message

Central Bank to initiate forensic audits on issuance of T-bonds

12 January 2018
Central Bank to initiate forensic audits on issuance of T-bonds

The Governor of the Central Bank of Sri Lanka has...

World Bank says SL economy accelerates to 5% in 2018

12 January 2018
World Bank says SL economy accelerates to 5% in 2018

Sri Lanka is forecast to accelerate to 5 percent in...

Attorney General says: President's term covers six years

12 January 2018
Attorney General says: President's term covers six years

The incumbent President who was elected on January 8, 2015...

Additional solar power from Mahaweli projects

07 January 2018
Additional solar power from Mahaweli projects

The Ministry of Mahaweli Development and Environment has made arrangements...

State ceremony of Moragahakanda Project inauguration tomorrow

07 January 2018
State ceremony of Moragahakanda Project inauguration tomorrow

To mark the inauguration of irrigated water distribution among the...

The department assists media in a macro level in welfare, training, policy planning and accreditation, and providing easy access to Government news and information.