Investments will not start flowing in but pouring in the near future’, stated the Minister of Finance Ravi Karunanayake highlighting the outcome for Sri Lanka at the conclusion of the World Economic Forum 2016.
Speaking to The Sunday Leader the Minister of Finance said that the World Economic Forum gained much needed exposure for the Sri Lankan investment sector. He stated that Sri Lanka was able to showcase the infrastructure development and economic sector performance very well at the forum and that it had a good impact on the international business community.
‘It should be noted that Sri Lanka was present at the World Economic Forum after 11 years. Through that, we were able to gain a lot of exposure and a good recognition for the government’s ventures. We were able to showcase our industrial and services sector performance to the entire world’, Minister Karunanayake said.
The Finance Minister stressed that between himself, the Prime Minister and Minister Malik Samarawickrama, they have had 55 appointments with foreign delegates. He said that out of them, three are already underway.
‘Many were impressed by what Sri Lanka had to offer to the international investment community, they were able to recognise that Sri Lanka was a fresh country entering the global economy and they have realised that ample opportunities were available for keen investors’, he said.
Minister Karunanayake also elaborated that the international community appreciated the good governance initiatives and human right protection priorities adopted by the new government. He also said that in addition to the independent economic styles, exceptional functionalities of both state and private institutions and the government’s approach to the business sector was also comprehended by the global investment community.
Addressing a special press conference at the World Economic Forum, Prime Minister Ranil Wickremesinghe invited the international community to invest in the available opportunities in Sri Lanka and experience high returns. He stated that the country has fully diverged from political goals to give priority to ensuring economic growth of the country.
‘For the first time in our history, we have both main political parties under a same government. So with this added advantage we feel that the country could expect great things in the future. We have diverted from political motives to developing the economic structure of the country’, the Prime Minister said.
The World Economic Forum is a gathering committed to improving the state of the world. It is the International Organisation for Public-Private Cooperation. The Forum engages the foremost political, business and other leaders of society to shape global, regional and industry agendas.
Established in 1971 as a not-for-profit foundation and is headquartered in Geneva, Switzerland. It is independent, impartial and not tied to any special interests. The Forum strives in all its efforts to demonstrate entrepreneurship in the global public interest while upholding the highest standards of governance. Global leaders across business, government, international organisations, and academia gathered at the World Economic Forum to discuss political, business, and social aspects around the world. The Forum’s Executive Chairman and Founder, Professor Klaus Schwab, wrote about The Fourth Industrial Revolution and its potential to raise global income levels and improve quality of life for populations across the globe. As an economics forum, central messages in the talks involved future impact of robotics in business and, interestingly, why technology actually makes us more human.
The delegation from Sri Lanka to the World Economic Forum 2016 comprised of Prime Minister Ranil Wickremesinghe, Minister of Finance Ravi Karunanayake and Minister of Development Strategies and International Trade Malik Samarawickrama.
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