PM Wickremesinghe speaks of creating a trade and economic hub at SL investment forum in Davos

PM Wickremesinghe speaks of creating a trade and economic hub at SL investment forum in Davos

PM Wickremesinghe speaks of creating a trade and economic hub at SL investment forum in Davos

Written by Staff Writer

21 Jan, 2016 | 9:13 pm

Prime Minister Ranil Wickremesinghe says that Sri Lanka is in the process of formulating a broad programme to make it a trade and economic hub of Asia.

The Prime Minister made this statement while addressing the Sri Lanka Investment Forum, on the sidelines of the World Economic Forum being held in Davos, Switzerland.

The forum which was organised by the Swiss-Asian Chamber of Commerce, together with the Ceylon Chamber of Commerce, was attended by both international and Sri Lankan representatives.

Speaking at the forum, Prime Minister Wickremesinghe said that drawing the economic map of Sri Lanka for the year 2030 lies in the hands of investors, adding that the Government of Sri Lanka has made all arrangements for this purpose.

The Prime Minister added that a Development Agency is to be established in place of an Investment Board and Economic Development Board.

Meanwhile, speaking at a press briefing at the World Economic Forum on Wednesday, Prime Minister Ranil Wickremesinghe responded to questions raised by foreign journalists.

Responding to questions raised by journalists, the PM said that discussions are underway with IMF, adding that the Lankan economy needs to be re-structured.

The Prime Minister also said that our sources of foreign exchange earning are limited and as a result, the balance of payment cannot be corrected without any major restructuring.

Speaking about the reconciliation process of the country, PM Wickremesinghe said that they have reached out to Tamils and are discussing with the Tamil parties and other organisations, adding that under the Ministry of Foreign Affairs there is one group that is working on the questions of accountability.

Latest News

Are you interested in advertising on our website or video channel
Please contact us at [email protected]