Saturday, May 30, 2009

Sri Lanka Stirs an Economy Racked by War

(WSTJ)COLOMBO, Sri Lanka -- The end to a long war has come just in time for Sri Lanka's economy, according to the country's central bank chief, who is now taking steps to lift low foreign-exchange reserves and spur growth.

"For 30 years, whenever investors spoke of Sri Lanka, the refrain was, 'If only it wasn't for the war,' " said Central Bank of Sri Lanka Gov. Ajith Nivard Cabraal in an interview. "Today, it's not the next word. A huge change has taken place." Full text

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