All of that led the government going with a begging bowl to the International Monetary Fund and new agreement with the fund and a new facility was negotiated.
These incentives will be second to none in attracting the kind of investments that are appropriate for Sri Lanka at our current stage of development. All the more important because there are governing politicians out there who seem to want to undermine him.
Over the past few years, Sri Lanka has seen a rise in the use of small arms and light weapons, which is a concern for the security and safety of civilians, further development from the stage of less economically developed country So I would like to walk through my three scenarios and then come up with my conclusion but, let me give you my conclusion straight away.
Sri Lanka is upgrading education, training and skills to create the human resource base which supports a competitive and rapidly modernizing economy.
It needs a different kind of executive authority with devolved powers which will also allow a new elite to emerge a different channel from Colombo as it were. Of a smaller, but effective government.
Sri Lanka is a prime example of just how conflict can arise. Of course ethnic relations are much more complicated than this, but the precondition is for a sustainably growing economy.
There are also structural reforms that I talked about earlier that are politically more difficult, SOEs, labour market reforms, etc. By Razeen Sally — We have to ask ourselves some very hard, direct questions. Most of our politicians are corrupt and we have to blame ourselves for electing them.
Over the old ages touristry in Sri Lanka has developed significantly.