‘SL seeking to expand development strategy’

Chamikara WEERASINGHE

‘Sri Lanka is studying all available opportunities to expand its economic development strategy in the wake of its new found peace after ending its three -decade long terrorist war.

‘The government will determine what should be its development model and that may not be one of those development models that have been proposed to us by other countries, International Monetary Co-operation Senior Minister Dr Sarath Amunugama said at the inaugural session of the Sri Lanka Economic Summit. 2012 yesterday.

The Summit commenced yesterday in Colombo at the Cinnamon Grand with the participation of the representatives of World Bank, members of diplomatic corps, economists, Members of Parliament and government officials.

It was organized by the Ceylon Chamber of Commerce.

The summit is held for the 13th consecutive year by the Chamber of Commerce. It will be held for two days . “ Positioning Sri Lanka in

the Global Economy” is the theme this year.

International Monetary Co-operation Senior Minister Dr Sarath Amunugama was the Chief Guest.The Guest of Honour was Indian author and public intellectual Gucharan Das.

Minister Amungama said in his keynote address to the Summit that he has been asked by President Mahinda Rajapaksa to forward the outcome of the Summit for further deliberation to understand and take pragmatic steps towards developing the country’s economy.,

Amunugama said the Summit takes place at a time when Sri Lanka has conclusively ended its 30 year long war and is wanting to make some important strides in its economic development.

World Bank South Asia Chief Economist Dr Kalpana Kochchar also spoke on this occasion.