World Economic Forum Side Event

January 22, 2015 

Davos – Klosters, Switzerland 

Side  Event  Sri  Lanka  will  be  held  at  the  Steigenberger  Grandhotel  Belvédère, Promenade  89,  Davos,  Switzerland  on  Thursday  (January  22,  2015)  as  a  luncheon session at the room “Lounge East” from 12.30 to 14.00 hrs. 

The   Sri   Lankan   economy   has   achieved   substantial   progress   in   almost   all macroeconomic  fundamentals  in  recent  years.  The  economy  recorded  an  average growth of 7.5 per cent during 2010-2013 period. Inflation remains in single digits for well over 5 years. In 2014, the economy is projected to grow by 7.8 per cent, defying a regional slowdown as the Sri Lanka remains one of Asia’s best performing economies. 

Sri Lanka by 2020 would have a GDP of around US $ 150 billion, a US $ 7,000+ per capita income and sound macroeconomic fundamentals. Economic growth is targeted to average around 8 per cent from 2015 onwards. Inflation would continue at the lower end of mid-single digits and the current account at surplus with foreign reserves growing faster. 

The programme, luncheon session for 1 ½ hours,  will cover the presentation on “Sri Lanka – Emerging Economic Miracle in Asia” by the Governor of the Central Bank of Sri Lanka (CBSL) followed by Q & A session and walk-around discussion. The Sri Lankan  delegation  consist  of  representation  from  the  Central  Bank,  government agencies including Diplomatic Missions, members of the Ceylon Chamber of Commerce (CCC) representing large scale conglomerates operating in Sri Lanka and Institute of Chartered Accountants of Sri Lanka.

 The presentation/ discussion will elaborate, in detail, the strategies envisaged for the