Lanka’s
financial system resilient to global shocks
Dr.
Amunugama tells WB, IMF annual meetings in Washington
Investment
Promotion and Enterprise Development Minister Dr. Sarath
Amunugama who is representing Finance Minister Mahinda
Rajapakse at the annual meetings of the World Bank and
the IMF in Washington DC has declared that the Sri Lanka’s
financial system has shown strong resilience to adverse
global developments.
“Sri Lanka’s financial system has shown strong
resilience to adverse global developments. With the
implementation of Basel II in 2008, the regulatory framework
of banks has been further strengthened,” Minister
Amunugama told the meeting on Monday.
He
said that the comprehensive development programs that
has been launched by the government to address the key
constraints for more equitable growth has already raised
the GDP growth rate to a satisfactory level of around
6.5 percent compared to the historical average of around
4.5 percent in the past.
Investment
Promotion and Enterprise Development Minister Dr. Sarath
Amunugama who is representing Finance Minister Mahinda
Rajapakse at the annual meetings of the World Bank and
the IMF in Washington DC has declared that the Sri Lanka’s
financial system has shown strong resilience to adverse
global developments.
