“IMF states that the economy of the country will get a boost in 3.7%”- State Minister Lakshman Yapa Abeywardana

The State Minister of Information and Mass Media Hon. Lakshman Yapa Abeywardena said at a press briefing held 11th  at the  ministerial auditorium that the government has taken necessary steps to provide a concessional rate for the paddy farmers to sell their harvests beyond limitations. The state minister said that paddy would be purchased via district secretariats with the assistance of SL Army. The reopening of the paddy mills shut at the moment has also been on high priority. Moreover it was revealed that the state banks such as People’s Bank, Bank of Ceylon and other regional banks have come to agreement to provide loan facilities at the interest rate of eight percent to the mall owners of small and medium scale.

The International Monetary Fund (IMF) has released a statement that the economic growth of this country will come to 3.7% at the end of this year 2020. Even though the influx of tourists and the business affairs were affected due to Easter attacks and the New Corona Virus, the IMF statement focuses on the fact that the production of the country and the improvements in the tourist industry had marked a significant growth at the last phase of the previous year.

 

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