• Colombo Port City would create the opportunity for it

By Kelum Bandara 

Sri Lanka needs to attract at least US $ 3 billion in terms of FDIs (Foreign Direct Investments) annually to sustain a growth rate of six per cent, a Minister said.  

State Minister of Money, Capital Markets and Public Enterprise Reforms Ajith Nivard Cabraal said the Colombo Port City would create the opportunity for it. He said the Sri Lankan economy had a regular deterioration since 2015 with the country dropping in international rankings, the rupee value depreciating and the interest rates rising. He said the situation had been managed much more today by bringing interest rates at manageable level.