The Central Bank (CB) estimates a 8 percent economic growth in 2010 and said a foreign reserve to US $ 6.6 billion at the end of 2010. Launching its ‘Roadmap: Economic and Financial Sector Policies for 2011 and Beyond’, today the CB Governor Ajith Nivard Cabraal said Sri Lanka has met end-December IMF targets for net domestic financing, net international reserves, and reserve money required under a $2.6 billion loan.
According to CB report, the year 2010 also marked a rapid decline in poverty level in the country, low and stable inflation, stable exchange rates, Middle-income Emerging Market Country status among other achievements.
The report said Sri Lanka showed strong growth momentum in 2010 as the peace dividend was clearly observed with impressive performance in all sectors and more business confidence.