The governor of the Central Bank, Ajith Cabraal, said that the Sri Lankan economy would grow to $100bn by 2016 and predicted a bright future for the country.
“If Sri Lanka is successful over the next three years, the country would surely be the next “Break-out Nation” and the ‘Wonder of Asia,” Mr. Cabraal said.
He pointed out that the Central Bank had to adopt ‘strong measures’ to stabilise the economy in order to reach their economic goals of a GDP of $4,000 by 2016, attracting 2.5 million tourists by 2020 and a US$ 100 billion economy by 2016.
“These measures resulted in swift responses allowing the Bank to relax the policy stance before the end of the year. Today, the Central Bank is in a position to move along a more stable and sustainable path to achieve its mission of maintaining economic and price stability and financial system stability to support sustainable and inclusive growth.”
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