Sri Lanka is a skills powerhouse, with the best living environment in South Asia, a senior official said.
Additionally, Sri Lanka is the place to work, live and enjoy life, Sanjaya Mohottala, chairman of the Board of Investment tolad a forum Wednesday.
"We have an extremely educated, train
State Minister of Finance, Capital Markets, and State Enterprise Reforms Ajith Nivard Cabral says the International Monetary Fund (IMF) response to the news that Sri Lanka has been able to secure a SWAP facility of 10 billion Yuan (USD 1.5 billion) from the Peoples Bank Of China is quite surprising.
“The request for the Covid assistance was made by the Sti Lankan Government from the IMF early last year at the time the Covid pandemic started. But the IMF was dragging its feet in providing the facility,” he said issuing a statement.
“Nevertheless, the Government managed to effectively provide the necessary relief and support to the Sri Lankan people as well as maintain a framework of sound macro fundamentals and even without such financial support from the IMF.”
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Feb 08, 2021 (LBO) – State Minister of Finance, Capital Markets, and State Enterprise Reforms Ajith Nivard Cabral says Sri Lanka is on track now to enacting an effective economic recovery to swiftly close the gap between pre and post-COVID-19 output losses.
He says the island’s growth prospects are now positive, underscored by a stabilizing currency and sound debt repayment capacity.
“Sri Lanka is in a comfortable position with regards to its debt
repayment ability and will not default on its payments,” he told Lanka Business
Online.
“We see the rupee has become stable. The rupee was deprecating at the average