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President tells bankers “Be cautious about the changing world to solve disputes”

Jul 12, 2011 11:05:21 AM - itnnews.lk

President Rajapaksa has referred to the significance of maintaining vigilance on world trends to solve disputes.

The President opined that Sri Lanka’s economy did not crash when there was a global downturn. This was mainly due to the proper initiatives taken to build the local economy according to a well organised plan. Infrastructure throughout the country was also being developed according to an organised plan. Roads were being built. Development which was hitherto limited to Colombo had been taken to the village. Restricting development to a particular area was not sufficient when developing the entire country.  Certain groups are making queries as to why Sri Lanka was being given loans. These groups were visiting various agencies and calling on them not approve credit to the country, saying it lacked human rights and democracy. The President underscored that there was no other country than Sri Lanka where a large group of displaced had been resettled in the North and East within a short period. The country was advancing amidst various challenges. He told the gathering that his belief was that they should have a clear awareness on what was happening in the country as well as the world to surmount challenges.

The President was addressing a ceremony at Temple Trees. It was organized to handover letters of appointment to 227 management trainee officers selected by the Peoples Bank. Extending his greetings to the new appointees, the President requested them to grant without hesitation what the country expects. The President is clearly aware of the proper value which was deprived of the graduates. Peoples Bank Chairman W. Karunajeeva reminisced the pledge given by the President in the last budget to recruit 1500 new graduates to state institutions. Minister Geethanjana Gunawardena and President’s Secretary Lalith Weeratunga were present.