Quality of capital formation seen as key to economic growth

The quality of capital formation is critical for Sri Lanka's economic growth trajectory and the next takeoff would be nothing but investment because without investments the country can't expect rapid economic growth, Labour Minister and Economic Development Deputy Minister Dr. Anil Jayantha Fernando said.

- BY HIRAN H.SENEWIRATNE

Minister Dr. Anil Jayantha Fernando

"The capital market is a vital platform for national development and scattered, insignificant capital throughout the country cannot make a big push for the economy. Therefore, we need to pull them together, and the stock market is the ideal platform for the market's functioning. The public duty is to channel savings into productive investments that would enable us to achieve the target, Dr Fernando said recently at the launching of the Securities and Exchange Commission of Sri Lanka's (SEC) comprehensive strategic roadmap aimed at transforming the nation's capital market into a resilient, innovative and globally competitive hub.