Sri Lanka to build competitiveness by liberalizing economy

Sri Lanka will look to build competitiveness by liberalizing economy where there is excessive controls and costs, Finance Minister Mangala Samarweera said today.

He said the Government will also be investing heavily in training and skills development and will work closely with the private sector in building the relevant skills.

He expressed these views while speaking at the AmCham Breakfast Buzz in Colombo today.

The Minister said that a lot of the damage from the political crisis late last year has been addressed and the economy has again stabilized.

“We are now looking forward and focusing on rebuilding and re-positioning after the disruptions,” he said.

Samaraweera said that the Government is determined to now continue its reform programme to build competitiveness of the economy.

The Minister said that all the policy initiatives of the Government build on the spirit of crafting and implementing evidence based policies.

He said the Government will continue to consult with the industry in policy implementation and provide the necessary time frames for the industry to adjust to such measures. (Colombo Gazette)

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