CB expects IMF to raise economy growth forecast

21 February 2013 08:04 am - 5 - {{hitsCtrl.values.hits}}

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The Sri Lankan central bank expects the International Monetary Fund to raise its growth projection for the island nation, a top official said on Thursday.

Central Bank of Sri Lanka Governor Ajith Nivard Cabraal reiterated that he expects the economy to grow 7.5 percent in 2013, higher than IMF's projection of 6 percent.

Cabraal was speaking to reporters in Mumbai on sidelines of a conference on attracting more investments into Sri Lanka.

Last week, the IMF painted a grim picture of the Sri Lankan economy due to risks from high inflation, lower tax revenue and slow structural reforms, and projected the economy to grow slower than the central bank's forecast. (Reuters)

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Comments - 5

absl2011@yahoo.com Thursday, 21 February 2013 12:00 AM

very sad situation. They said that we dont want loans from IMF. Our economy has no so called development. via DM Android App

Kodituwakkuarachchi Thursday, 21 February 2013 11:04 AM

What nonsense?

Sri Lankans are the biggest depositors in the Swiss banks!!

silverhawk Thursday, 21 February 2013 12:00 AM

at these numbers are cooked up by Mr cabraal. via DM Android App

Raja Raju Thursday, 21 February 2013 09:30 AM

IMF may be correct.
We too see here no hope of better life.
Every thing is going with high rocket price.
Never saw any product price come down.(Except election time.)
Elderly people are begging in the street with shy face.
Children are fighting to get some toffees, but parents are ignoring them and dragging out of the shops.
Very sad to watch. Government says that we are prosperous. Then who have those prosperity?

Preya Thursday, 21 February 2013 09:56 AM

NO IMF loan please. No war so money is saved. still the people have NOT yet got any benefit of the saving of it.

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CB expects IMF to raise economy growth forecast

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