Sri Lanka News Updates with Discussions

He has full 2 years to stay in the office. Within this 2years he could show the people the developments he has made beside the war victory. He knows for sure, he could not do any progress in the country because the economy is cracking, the crumbling bits and pieces are falling. Economy is heading for collapse. Two years to stay in office will be too long as the economy collapse his popularity too will collapse. He thought of using the loophole of the constitution.

economy is cracking, the crumbling bits and pieces are falling. Economy is heading for collapse.

SL ECONOMY ON THE RIGHT TRACK IMF
http://www.dailymirror.lk/DM_BLOG/Sections/frmNewsDetailView.aspx?ARTID=68568

Third review in place to release US$ 330 mn

The International Monetary Fund (IMF) said yesterday that the Sri Lankan economy was heading in the right direction and the growth rate was expected to settle at 3.5% by end 2009.

Visiting IMF Head of Mission Dr. Brian Aitken told the media that with gross reserves now at more comfortable levels, the risk of an imminent balance of payments crisis was no longer present.

This improved situation provides space for the Government to carry out policy reforms that will address the economy's vulnerabilities, accelerate reconstruction and resettlement and lay the basis for strong future growth.

Economic developments have been more favourable than expected at the time of programme approval in July. Confidence has improved and output growth is showing signs of picking up. Foreign investor enthusiasm remains strong. Garments exports are stronger than expected and import growth is starting to increase. The recent decline in interest rates should support higher growth in 2010.

Care for a coffee machan?

Can't machang, I have a cocktail at the MOD... :)