Friday, May 11, 2007

Govt. targets 8 per cent growth rate - Minister Amunugama

JAPAN: The Government aims to put the country on an eight per cent annual growth path over the next 10 years and raise the per Capita income to US$ 3,000 by reducing poverty, said Enterprise Development and Investment Promotion Minister Dr. Sarath Amunugama.

The Minister was addressing the 40th annual meeting of Asian Development Bank in Kyoto, Japan.

The Minister said the Japanese Government has been a leading bilateral donor for Sri Lanka by providing assistance amounting to US$ 330 million annually. “It is a 30% of the total foreign aid to Sri Lanka.

“Despite high oil prices, multiple natural disasters, the growth of the world economy in general and of Asia in particular, has been robust.

The Asian Development Bank has played an important role in the economic development of the Asia and the Pacific region through the ADB’s second medium-term strategy for regional cooperation and integration.

The ADB has been a strong and continuous supporter of Sri Lanka’s development efforts for more than three and a half decades.

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