The International Monetary Fund (IMF) while approving a US $ 2.6 billion loan to Sri Lanka expressed confidence that the South Asian island nation once hit by terrorism was now on the path to recovery.
The IMF has recognized that Sri Lanka has ambitious plans to rise from the economic crisis caused by terrorism for over three decades and gain positive economic growth.
These observations were made by IMF Mission Head in Sri Lanka, Brian J.Aitken in a teleconference from Washingtion he had with some scribes in Colombo.
Aitken claimed that the island nation too had been hit by the recent global recession but the Colombo government was showing signs of recovery through viable development projects.
Despite the fact that a predicted growth rate of three per cent this year, Aitken expressed confidence that it could be even more considering the strong economic plans of the Colombo government headed by President Mahinda Rajapaksa.
The IMF Mission Head said the end of a terrorist war in Sri Lanka was a confident feature for positive economic growth in the country.
Commenting further he observed that with the global economic growth already on cards,Sri Lanka could definitely rise much above expectations in the near future with increased exports and remittances.