Peace and prosperity
Article Abstract:
Sri Lanka is getting set for a period of political stability and economic prosperity. President Chandrika Kumaratunga is continuing the previous government's policy of economic liberalization and is attempting to settle the ethnic conflict in the North. The Liberation Tiger of Tamil Eelam also seem ready to settle. Despite the ethnic war, Sri Lanka has experienced a 6% annual growth over the last four years. 1994 growth figures are estimated at 18%. The different sectors are increasing productivity and plans are afoot to strengthen the infrastructure.
Publication Name: Far Eastern Economic Review
Subject: Business, international
ISSN: 0014-7591
Year: 1995
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Help comes in a package
Article Abstract:
Director-general of Sri lanka's Board of investment (BOI), Vass Gunawardane believes that it is not enough to provide incentives to foreign investors and stresses the need for providing an efficient work environment. BOI attempts to do this by avoiding red tape and facilitating the work of foreign investors. Investors should consider features such as the quality of labor and bureaucracy when deciding on a country. Gunawardane believes that the new Sri Lankan government's commitment to free-trade will help the national economy.
Publication Name: Far Eastern Economic Review
Subject: Business, international
ISSN: 0014-7591
Year: 1995
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Winds of change
Article Abstract:
Under President Chandrika Kumaratunga, in an effort to open and spur on the economy, Sri Lanka is privatizing many of the assets it nationalized 30 years ago. Free-market policies and private-sector leaders in govt posts are creating encouraging improvements, such as a declining exchange rate and inflation half what it was a year ago. State dominance of the finance sector still creates problems, however. The govt is advancing on Tamil rebel positions and is otherwise stable despite a vocal opposition.
Publication Name: Far Eastern Economic Review
Subject: Business, international
ISSN: 0014-7591
Year: 1995
User Contributions:
Comment about this article or add new information about this topic:
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