Sri Lanka unveiled a new development strategy for six to eight percent growth in the next five years

Sri Lanka unveiled a new development strategy for six to eight percent growth in the next five years, to international donors at the Development Form in Kandy. Sri Lanka unveiled a new development strategy for six to eight percent growth in the next five years, to international donors at the Development Form in Kandy. Finance Minister and Chairman of the Sri Lanka Development Forum 2005, Sarath Amunugama told delegates at the opening session that “A sustainable six to eight percent growth in real income is targeted over the next five years.”

To feed its growth plans the government is looking at raising investment to around 35 percent of GDP (2,029 billion at the end of 2004).

“Such investment includes domestic and foreign investment as well as public investment,” said Amunugama.

The long term objective is to reach ‘upper middle income’ country status within the next 10 years.

The latest development strategy revamps previous development programmes and combines it with tsunami reconstruction plans.

“The post tsunami reconstruction strategy, the post conflict rehabilitation and development programme in the North and the East, provincia