• Cuba sees a promising future for bilateral relations with Sri Lanka

    Cuban Minister of Foreign Affairs Bruno Eduardo Rodriguez Parrilla says he sees a promising future for bilateral relations with Sri Lanka.   The Cuban Minister, who arrived in Sri Lanka Sunday for a two-day official visit, made this comment when he called on...

    Read More...

  • 'Defence Seminar -2014' begins

    The 'Defence Seminar -2014'organized by the Sri Lanka Army began at the Galadari Hotel in Colombo today morning (18th August). This is the fourth in a series of annual international defence seminars to be held in Colombo since 2011.   Minister of External...

    Read More...

English Arabic Chinese (Simplified) French Russian Spanish

Sri Lanka broadly on track to meet 2013 forecasts: ADB

The Asian Development Bank (ADB) in its latest update on the region's outlook has said that Sri Lanka ( http://www.adb.org/sites/default/files/ado2013-sri-lanka.pdf) appears to be broadly on track to meet forecasted growth.

The Asian Development Outlook (ADO) ( http://www.adb.org/publications/asian-development-outlook-2013-asias-energy-challenge) of the ADB released yesterday said it retains the April projection of GDP growth in 2013 at 6.8 % and in 2014 at 7.2%.

Retention of forecast of Sri Lanka is despite ADO downgrading the overall prospects for South Asia. It now estimates the region's overall growth to be 4.7%, down from 5.7% estimated previously. In 2012, the region grew by 5.1%. The ADO also has revised South Asia's growth in 2014 to be 5.5% down from 6.2% previously estimated.

ADO said growth in Sri Lanka started to recover in 2013 from a dip in 2012. Power generation. which can constrain economic activity, picked up in May to grow by 9.2% but dropped slightly in June. Imports recorded positive growth in April and June.

Read more...

 

Copyright © 2014 www.lankamission.org. All Rights Reserved. Solution by UCSC