New Governor of Central Bank of Sri Lanka predicts 5% growth for 2021
Newly appointed Central Bank of Sri Lanka (CBSL) Governor, Ajith Nivard Cabraal has predicted a 5% growth for 2021 was likely to be a reality.
Cabraal has stated that this target would be achieved despite the on-going vaccination drive, and mobility restrictions being relaxed.
The Governor has hinted on the growth number in a tweet soon after assuming duties as the Central Bank Governor.
He has made this observation in response to the announcement of a second quarter GDP growth rate of 12.3% by Sri Lanka’s Department of Census and Statistics.
Sri Lanka has shown strong economic resilience in the face of challenges posed by the global Covid 19 pandemic. Many economic sectors in the country have shown a growth momentum despite pandemic challenges while many private sector companies have also posted impressive profits despite external and internal pressures. The banking sector has also shown profits ensuring a strong banking sector to support the country’s ongoing development programme and economic expansion. With Sri Lanka working towards becoming a business destination in the South Asian region, foreign businesses/investors could confidently explore the growing business/investment opportunities in the country.
|Article Code :||VBS/AT/23092021/Z_8|