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* Sri Lanka will not face any economic crisis, President asserts
Thu, Apr 20, 2017, 11:09 pm SL Time, ColomboPage News Desk, Sri Lanka.

Apr 20, Colombo: Sri Lanka President said the government is committed to improve the country's economy although there is no serious economic crisis in the island nation at present.

The President disclosed that the country's foreign reserves have increased up to 5 billion USD due to correct economic decisions taken by the present govt.

He expressed the belief that this will further increase in the future gaining a better price for the country's tea and rubber in the international market.

The President expressed his regret for the failures of analysts in making a positive economic review on the current situation in the country. He called upon all media institutions to exercise their duty for the people without protecting the government during certain problematic instances.

He further noted that the country will not face any serious economic crises this year although certain analysts have predicted otherwise.

"We have a sound economy as a result of decisions taken during the past one and half year," the president said adding that the foreign reserves now stand at USD 5 billion. He expressed the belief that it would be further increased in the future.

"The government will be able to move forward strongly and we don't have to think negatively by making any imaginary economic crises," he said.

He said the country's development program is moving forward efficiently and successfully. The government activities at state institutions will be given a new facelift within the next two weeks. This decision was taken by considering the criticism of the people on functions at certain divisions in the public sector institutions. A new program will be implemented to take the public service more efficient, the President disclosed.

 


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