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Sri Lanka achieves admirable economic development

Aug 27, 2011 11:02:54 AM - itnnews.lk

Minister Prof. G.L. Peiris has stated before the foreign diplomats that Sri Lanka has achieved admirable economic development.

He said that  Sri Lanka has been able to achieve a growth rate of 7.9% in the first quarter of the year. It is expected to be increased up to 8.5% before the end of this year. The Minister pointed out that the foreign reserves of the government have increased up to 8 billion US dollars. He also pointed out that the government has also been able to control the inflation at 5.5%.