Rajapaksa govt. looks at 8% growth and rural development

Sri Lanka’s fifth executive president made his first address to parliament on Friday, setting out his policy framework for his six year term in office. Sri Lanka’s fifth executive president made his first address to parliament on Friday, setting out his policy framework for his six year term in office. Replacing the defunked Post Tsunami Operational Management Structure (P-TOMS) with an all new proposal to share aid the LTTE was among the key issues President Mahinda Rajapaksa pledged to achieve.

The new President also pledged to achieve eight percent economic growth and foster stronger foreign relations.

Infrastructure investment will also receive priority, with Rajapaksa promising to develop the rail and transport sector and overcome the energy crisis within his six year term in office.

The new government will encourage local and foreign investment to develop key growth sectors like garments, agriculture, construction and tourism.

Rajapakse meanwhile pledged to develop the rural economy as a means of developing the national economy by improving rural infrastructure and installing a series of enabling services like electricity and edu