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Message: <blockquote data-quote="Sonny Bill" data-source="post: 18227807" data-attributes="member: 532178"><a href="http://www.adaderana.lk/bizenglish/signs-of-sri-lankas-development-falling-due-to-stalled-infrastructure-projects/" target="_blank">Signs of Sri Lanka’s economic growth declining due to stalled infrastructure projects</a><img src="http://origin.adaderana.lk/bizenglish/wp-content/uploads/worldbank-620x360.jpg" alt="" class="fr-fic fr-dii fr-draggable " style="" />                                         The  World Bank has forecast a decline in the development of Sri Lanka’s  construction industry due to the new government’s attempts to  re-evaluate infrastructure development projects and hence the island’s  economic growth rate would fall to 6.9 per cent in 2015 when compared to  the last year. The World Bank’s South Asia Economic Focus report has revealed this  fact and has also warned that in the event of an increase in the prices  of fuel in the world market, Sri Lanka’s economy could come under severe  pressure. It is important that the Sri Lankan government has to go beyond  increasing its expenditure through the popular budgetary proposals,  instead increase its revenue and bridge the budgetary deficit, the World  Bank has pointed out. The World Bank report has also pointed out that if to maintain a high  rate of development, it is important for the low state and individual  savings country to attract more direct foreign investments. Sri Lanka’s direct foreign investments are not high as expected says this report. According to government data, Sri Lanka has attracted USD 1,900  million as direct foreign investments in 2014 while its target was to  attract USD 2.5 billion. While Chinese investor confidence on Sri Lanka has fallen due to the  new governments moves to re-evaluate most of the ongoing Chinese  investment projects, economic analyst point out that if to attract  foreign investments towards Sri Lanka, then it is essential that the  country maintains a long-term and stable investment policy framework.                                                         Source : <a href="http://www.adaderana.lk/bizenglish/signs-of-sri-lankas-development-falling-due-to-stalled-infrastructure-projects/" target="_blank">http://www.adaderana.lk/bizenglish/signs-of-sri-lankas-development-falling-due-to-stalled-infrastructure-projects/</a></blockquote>

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