The United States says Sri Lanka’s economy which is on an upward trajectory has the potential to become one of South Asia’s “bright spots” and the “Wonder of Asia”.
Robert Blake, the Assistant Secretary, Bureau of South and Central Asian Affairs cited the 8 percent GDP growth in 2010, a renewed tide of visiting tourists and the confidence shown by the investors are some of the examples of this promise. Speaking at an Asia Society event held in New York, Mr. Blake however said national reconciliation was a critical part of this process. He pointed out that following the conflict Sri Lanka has made steady progress in normalizing life. But he added there is much that remains to be done.
In the meantime, a group of representatives from a number of U.S. firms are traveling to Sri Lanka during this month to explore emerging business and investment opportunities in the country. According to Mr. Blake U. S. entrepreneurs are the largest investors in Sri Lankan bonds and other financial instruments.