Sri Lanka Development Stratergies

1. Introduction Sri Lankas study policies are being reoriented under the stewardship of the joined Peoples Freedom Alliance (UPFA) G everywherenment, aimed at acceleration of frugal growth with special consideration given to pro-poor growth strategies. The development strategy consolidates positive elements of the policies followed over the last(prenominal) two decades and revisits the weaknesses, limitations and lapses in past policies in order to ensure equitable development in the country. As stated in the Economic Policy Framework, 2004 -Creating our Future, Building our tribe 2004 - and further articulated in the budget 2005, the new development strategy is premised on pro-poor pro-growth income improvement and redistribution policies with complementary participation of a socially responsible private sector and a strong human race sector.1/ Higher economic growth alone is not sufficient to sign on poverty; instead it should focus on pro-poor growth strategies. A sustainable 6-8 per cent growth in real income is targeted over the next five years. This in turn requires raising investment funds to around 35 per cent of Gross Domestic growth (GDP). Such investments include domestic and foreign investment as easy as public investment.

The ultimate objective is to ensure that Sri Lanka steady progresses towards an upper middle-income country status within the next ex years. The National Poverty Reduction and Growth Strategy (NPRGS) of the regimen is the major policy approach to navigate pro-poor pro-growth, income and redistribution strategies. The main objectives of the NPRGS are to avail poor groups to engage in productive economic activities composition giving them income support during the transition period, reduce the poverty bed covering between different social strata, minimize regional variations in the relative incidence of poverty and to narrow regional disparities in development. In the put to work of the implementation of these policy interventions and their... If you want to get a serious essay, order it on our website: Orderessay

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