Facing global and local challenges:

New dynamics for economic development

The Asian economies are confronted with crucial changes in international economic and financial conditions as a result of the recent global crisis.

Renewed inflationary pressures and slackening external demand have created new policy challenges for macroeconomic management, while the sub-prime crisis has refocused attention on financial regulation, supervision and reform.

Persistent global imbalances and the weak dollar also suggest that global conditions will continue to complicate stabilization efforts and threaten to magnify the consequences of policy missteps.

To address these and other critical issues, the Ceylon Chamber of Commerce has organised 11th Sri Lanka Economic Summit together with the 24th Confederation of Asia Pacific Chambers of Commerce and Industry (CACCI) Conference from July 5 to 7 , at the Cinnamon Grand, Colombo.

The Conference will focus on the current challenges faced by economies in the Asian region, and recommend some policy responses to the changing conditions at home and abroad that governments, international financial organisations and private sector participants can adapt that will serve as crucial determinants of growth and macroeconomic stability in Asia over the medium term.

The joint event is targeted to draw the largest gathering of industry leaders, foreign dignitaries, leading public and private sector decision makers, diplomats and professionals from many spheres of the regional economy.

This will present an ideal occasion for the region to map out its growth strategy; an opportunity for progress.