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* Economy stabilized amid many challenges - Sri Lanka PM
Sun, Jan 21, 2018, 10:00 pm SL Time, ColomboPage News Desk, Sri Lanka.

Jan 21, Colombo: Sri Lanka's Prime Minister Ranil Wickremesinghe says the current unity government has been able to repay loans and stabilize the economy amid many challenges.

Addressing an election rally in Nikaweratiya on Sunday in support of the United National Party candidates for the local government election in the area, the Premier said the present regime took over a bankrupt economy without any future.

Expressing his views, the Prime Minister said since there was no real development or income during the previous regime the government had to borrow excessively and the government income was not enough to pay the debt by 2013. Therefore, the previous government went for a failed election bid in 2015 with the intention of establishing its power before the economy collapses.

"When we took over, Mahinda Rajapaksa thought the government would not last more than a year and claimed he would take back the government. But three years passed since then," he said adding that the government will continue until 2020.

During these three years the government had faced many challenges to rebuild the economy, he said adding that the government has been able to gradually rebuild the economy destroyed during the Rajapaksa regime.

The economy has been stabilized now and the government is focusing on the development now, he said. "It has been possible to deliver a clean administration as we promised to the people," he said.

The Prime Minister said a plan to develop the Wanni Hathpattu area would be formulated and implemented this year. He added that establishing vocational training centers and a drinking water project for the area between Galgamuwa and Yapahuwa would be part of this plan.

"We have already begun development of the Northwest. An industrial zone has commenced in Bingiriya. Puttalam is rapidly developing into a tourism hub. It is my belief that those benefits will reach Nikaweratiya as well," he said.

A large crowd attended the public rally held at the Nikaweratiya Police Training Ground to ensure the victory of the UNP candidates at the forthcoming local government election. Minister Akila Viraj Kariyawasam and parliamentarian Nalin Bandara also addressed the rally.

 

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