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ViewpointJanuary 30 2017

The five-year plan to transform Sri Lanka

Sri Lanka has emerged from decades of national unrest and is now fighting to combat corruption and instil fiscal discipline. Finance minister Ravi Karunanayake outlines the government’s new vision for economic development to Jacopo Dettoni. 
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Q: The Sri Lankan government recently announced a new five-year development plan. What kind of development do you envision for the country?

A: The necessity for a new development plan arose from the fact that we inherited a very troubled economy two years ago. Since then, we have consolidated the economy and introduced fiscal discipline. In the process, we looked at the [gaps] in the system. There are certain corrective actions that need to be taken and that’s what we put forward in the development plan.

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