IMF says Sri Lanka is economically strong

By NNN-Lk News

Colombo : International Monetary Fund (IMF) expressed satisfaction over the present economic situation in Sri Lanka.

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These observations were made at a meeting, the representatives of IMF, had with the President Mahinda Rajapaksa Friday at the Temple Trees.

Monetary Reformative activities and multi purpose economic policies, adopted by the Government and the mutual relation prevailing between the Ministry of Finance and the Central Bank were also commented by them.

They said, if Sri Lanka is able to resolve the North East conflict and restore peace it would definitely be able to achieve a tremendous economic development.

The President in response explained to the representatives that every effort is being made to liberate the East from the clutches of the terrorist and thereafter to develop the necessary infrastructure facilities, agriculture and the tourist industry which would enhance, the living standards of Sinhala, Tamil and Muslim, living in those areas.

"The Government is fully committee to bring forth a political solution, acceptable to all parties. All Party Conference is fully engaged today in an effort to arrive at such an acceptable resolution. Weekly discussions are held by the Council of Eminent Persons, on the national economy and the policies agreed upon by the council are implemented accordingly," stated the President.

Monetary Fund representatives accompanied by the Deputy Chief of the Asia Pacific Department, Ms Olin Liu, Secretary to the President Lalith Weeratunga, Governor of the Central Bank Ajith Nivard Cubral and the Secretary Ministry of Finance Dr. P.B. Jayasundara also participated at the occasion.