Investment opportunities for SL to improve in 2016 - WB | Daily News

Investment opportunities for SL to improve in 2016 - WB

Doing Business Index to move up
Finance Minister Ravi Karunanayake greeting Akihiko Nishioon, his arrival at the Ministry.

The availability of opportunities and background for business and investment in Sri Lanka, as against other countries in the South Asian region, will be far more favorable in 2016 than 2015 said newly released data from the World Bank on year on year comparison.

In 2015, the ease of doing business in Sri Lanka was 57.5%. The World Bank predicts that this will go up to 58.96% in 2016. In the overall list, Sri Lanka is currently ranked 113 in the ease of doing business index and it is expected to drop to 107 in 2016 indicating more favorable and friendly business environment for investors.

India and the Maldives are ranked respectively 128 and 130 and only Bhutan which is ranked 71 and Nepal occupying 99 slot are above Sri Lanka amongst the South Asian countries.

Meanwhile Director Strategy and Operations of the World Bank in charge of the South Asian Region Akihiko Nishio called on Finance Minister Ravi Karunanayake recently.

The meeting held at the Finance Ministry centered on the World Bank's contribution and strategic planning in respect of Sri Lanka's economic development programmes. Minister Karunanayake pointed out that due to the prevailing beneficial environment in the country for business, foreign investors can come to Sri Lanka without any hesitation to launch their ventures here.

He also noted that the indicators of the World Bank reflecting this favorable situation would stand Sri Lanka in good stead among international investors.

The Finance Minister pointed out that the trust reposed by the World Bank in Sri Lanka had been further strengthened after the new government assumed office. The Bank's consistent and enhanced contribution towards Sri Lanka's economic development came in for high praise from Minister Karunanayake. 

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