Finance Minister says govt.’s expectations well realized at the Development Forum

Finance Minister Sarath Amunugama says the government’s expectations have been well realized at the end of the first day’s sessions at Sri Lanka Development Forum 2005.





Finance Minister Sarath Amunugama says the government’s expectations have been well realized at the end of the first day’s sessions at Sri Lanka Development Forum 2005. The two day forum has brought together over 300 delegates representing bi-lateral, multi-lateral and new development partners to Sri Lanka’s hill capital Kandy to discuss the economy’s short term growth strategies, its tsunami recovery effort and their roll in the donor communities part in the entire process.

The Finance Minister also the chair of the forum told the media at the end of Monday’s session that Sri Lanka had realized over US$ 2.

22 billion in financial support from its development partners.

A jubilant finance minister said that US$ 1.95 billion was in the form of an outright grant.

“This is the first time Sri Lanka has mobilized such large amounts of grant assistance,” the minister said adding that “It will strengthen the balance of payments and will not be a burden to future budgetary management because there