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A young mother gives her child a drink of water. Sri Lanka’s economic growth requires credit expansion to the private sector which contributes more than 80 percent to the country’s GDP, much like a thirsty child needs water. Coming out of the red, private sector credit is expected to record a positive 13 percent growth by the end of this year, according to the Central Bank which warned against reckless spending of the government this year which could jeopardise sustainable economic growth for a public-sector -expenditure led growth, with little productivity in real terms. Picture by Dimuthu Premarathna |
