Macro economy stabilised

Senior Lecturer in Economics, University of Colombo Dr Ranjith Bandara said that the election results took the country to a different path by further stabilising the macro economy and meeting the aspirations of all Sri Lankans. He said that this was possible as the policies of the Mahinda Chintana can be continued without disruption.

Dr. Ranjith Bandara

This is the message given by Sri Lankans and this is what Sri Lankans felt as Sri Lankans never had an opportunity for policy continuation since independence.

He said that policies always changed when Governments changed but with the historic win of President Mahinda Rajapaksa for the first time in the history of Sri Lanka the country has got an opportunity to continue its development efforts and improve the economy thereby stimulating the local economy while looking at greater opportunities in the external sector.

Dr. Bandara said that the country will also be able to explore opportunities as a result of the global recognition the President and the country has received from the international community.

This victory also establishes political stability which is a vital ingredient for investor confidence, be it local or foreign. Most of the investors were having a wait and see policy but now that confidence has been restored. It will be a development phase from now, said Dr Bandara.

Some of the sectors that the country will explore include education, agriculture, tourism as well as IT. By being the hub of the region the economic and social conditions of the people will improve and that is certain as Sri Lanka is now classified as a middle income country.