US optimistic about SL investment environment, Rivkin tells Ravi K

Monday, 15 August 2016 00:01 - - {{hitsCtrl.values.hits}}

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An investment friendly environment has currently been created in Sri Lanka, according to the US. United States Assistant Secretary for Economic and Business Affairs Charles H Rivkin made this statement during his meeting with Minister of Finance Ravi Karunanayake at the Finance Ministry recently (12 August).

The visiting State Secretary who praised the current economic programs of Sri Lanka said that there is a friendly environment created for investment in the country. He stressed that he will take necessary steps to encourage top level US businessmen to invest in Sri Lanka. The economic changes that have gained ground after the new government was voted to power will serve as a positive entry point for the island to face the economic challenges emerging before the country, visiting US State Secretary Charles H. Rivkin said.

Expressing his views during the meeting Finance Minister Ravi Karunanayake said that the approach of the government to finding solutions to the huge debt trap was to attract increased foreign investment rather than putting the burden on the people. As a result of the strategies introduced by the government to attract foreign investors to the country since it was voted into power last year, many foreign countries have shown their keenness to invest in Sri Lanka, Minister Karunanayake pointed out. He further stated that the discussion between the visiting US State Secretary for Economic and Business Affairs had also taken place as a result of the good governance economic strategies.

Investment opportunities will further expand with the agreements to be signed between Sri Lanka and international investment groups in the future, Minister Karunanayake said optimistically, adding that more and more employment opportunities are expected to be created once such investors start operations in the country. He further said that under such a vibrant economic environment including growth of exports, the economic development platform of Sri Lanka will be secured in the future.

United States’ Ambassador to Sri Lanka Athul Keshap was also present at this meeting.