Sri Lanka’s economy is stable and moving towards reducing poverty: Governor

CEAT Kelani Holdings Managing Director Ravi Dadlani (right) and Lanka Ashok Leyland CEO Umesh Gautham exchange the OEM agreement

Dec 05, 2014 (LBO) – Sri Lanka’s economy is stable and moving towards reducing poverty in the Island, Central Bank Governor, Ajith Nivard Cabraal said. He said electricity, road development and better income is needed to achieve this target.

In 2005, only 72 percent of the county’s population were given electricity and 28 percent haven’t had electricity. But now we have given electricity for almost 99 percent of the population, Cabraal said.

Roads has been developed. Highways are being build,

There was a time, it will take a day to go Galle, but now people are travelling Galle in daily basis,

The other challenge is to provide a better income for every citizen of the country. It is very important. We are working towards that.

According to Central Bank annual report, Sri Lanka’s per capita income has increased from 2,922 in 2012 to 3,280 in 2013.

It is projected to reach 4,240 of per capita income by the end of 2015.
The Island is targeting to surpass 7000 US dollar per capita income to reach 150 billion dollars gross domestic production by 2020.

Today economic stability has being est

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