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* Sri Lanka opposition MP says country can be managed with an open economy
Sun, Mar 13, 2011, 07:01 pm SL Time, ColomboPage News Desk, Sri Lanka.

Mar 13, Galle: Sri Lanka's main opposition United National Party (UNP) parliamentarian Mangala Samaraweera says the country could be managed with the open economic policies introduced by the UNP in the 1970s.

Addressing a party rally in the Galle District, Samaraweera has said that UNP Leader Ranil Wickremasinghe is the only political leader who could manage the country's economy.

According to Samaraweera, former President Chandrika Kumaratunga had also implemented the economic policies introduced by the UNP.

However, with the economic policies of the present government Sri Lanka has shown a healthy economic growth following the end of the war in May 2009.

Sri Lanka recorded an economic growth rate of 8.5 percent in the second quarter of 2010, the highest ever recorded quarterly GDP growth since 2002 and the global monetary authority International Monetary Fund (IMF) last month said the Sri Lankan economy grew at a strong 7.75 percent in 2010.

Sri Lanka in the medium term expects an 8-9 percent economic growth over the next few years.



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