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Sunday, 22 April 2012 - 12:30
Outlook 2012 predicts 26-28% private investment
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According to Asian Development Outlook 2012, the government projects private investments to rise from around 21% of GDP in 2011 to about 26-28% in the next few years.

ADB Country Director Rita O. Sullivan at a recent media briefing in Colombo stated that the government has embarked on an ambitious plan to remove infrastructure bottlenecks and has already undertaken significant investments in some sectors, especially among major infrastructure development initiatives.

As investment is key for increasing supply capacity and bolstering growth the government would like to see a greater role for the private sector through increased investments by both domestic and foreign investors.

Investor confidence is a key factor in attracting investment and this requires a predictable policy environment as articulated and reinforced through the legal, regulatory, and institutional framework.

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