Government will formulate policies, reforms to improve investor climate: Samaraweera

 

Finance and Mass Media Minister Mangala Samaraweera said that the government will formulate a new trade and investment policy, tax reforms and implement various other measures to improve investor climate.

He said this while addressing the opening session of the Board of Governors meeting of the Asian Infrastructure Investment Bank in Jeju Island, South Korea, held on June 16, 17.

He said,’ developing physical infrastructure must be done along with administrative and legal frameworks to ensure required policy or regulatory support to streamline and boost public and private investments.’

Speaking on the future goals he said that the government plans to make Sri Lanka an export driven economic and financial hub of the Indian Ocean.

‘In order to achieve this goal the government has set out a high-level reform agenda in several key sectors of the economy, facilitating and empowering the private sector as the principle engine of growth’, the Minister said.

He also said that Sri Lanka’s economy growth is driven by large infrastructure projects.

Furthermore the Minister said that climate resilient concepts will be in-cooperated into all future infrastructure development projects.

Minister Samaraweera also held bilateral meetings with South Korean Deputy Prime Minister Kim Dong-yeon and South Korean Minister for Strategy and Finance ArunJaitley, the Finance Minister of India and Finance Minister of Indonesia Sri MulyaniIndrawatia alongside the AIIB Conference.

Meeting ArunJaitley, Finance Minister of India.

 

Meeting Kim Dong-yeon, the Deputy Prime Minister and the Minister for Strategy & Finance of Republic of Korea.

 

Photograph with the President of ROK, the Deputy Prime Minister of ROK and Finance Ministers.


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