Sri Lanka Economic Summit 2011 takes on interest/exchange rates among other key financial sector cha

Friday, 17 June 2011 01:11 - - {{hitsCtrl.values.hits}}

The Sri Lanka Economic Summit themed “Driving Growth through Fast Track Implementation” is scheduled for 4 - 5 July 2011 in Colombo. Organised by the Ceylon Chamber of Commerce for the 12th consecutive year, it will consist of seven key sessions.

The Summit will get underway with the opening session on “Attracting Investments – The Ease of Doing Business”. The keynote address by Ajith Nivard Cabraal - Governor, Central Bank of Sri Lanka, will focus on the new investment framework of the Government and this session will focus on the Government’s strategy to improve Sri Lanka’s ranking in the Ease of Doing Business Index. The Ease of Doing Business covers some vital areas connected with setting up a new investment. Dr. Indrajit Coomaraswamy - Former Director, Economic Affairs, Commonwealth Secretariat will speak on “Macro Economic and Policy Environment required for attracting Investments – Global Experience”.

The presentations will be followed by a panel discussion where key institutional heads involved in the investment approval & implementation process and private sector leaders will comment and critique on progress achieved and the way forward.

The panel will consist of J. D. Bandaranaike - Chairman, The Board of Investment of Sri Lanka; Ramani Ellepola - Director General, Central Environmental Authority; Ajantha Dias - Additional Director General, Sri Lanka Customs; Dhammika Gunathilake - Tax Advisor, Dept. of Fiscal Policy, Ministry of Finance & Planning; Susantha Ratnayake - Chairman, John Keells Holdings PLC; J. M. S. Brito - Deputy Chairman/MD, Aitken Spence PLC; and Srikanth Balachander - CFO, Bharti Airtel.

The 2nd plenary session, titled “Financial Sector Challenges” will focus on three key topical areas: Government policy on interest and exchange rates; the development of the long term debt market, a long felt need in Sri Lanka which has become even more important as the country steps into an accelerated growth path; and the capital market challenges facing the country.

Following the presentations by Dr. Samiran Chakraborty - Regional Head of Research, Standard Chartered Bank, India (Appropriate Interest and Exchange Rates); Dr. Koshy Mathai - IMF Resident Representative for Sri Lanka & Maldives, IMF Office (Banking Sector - Credit Appetite to support Long-Term Lending); Malik Cader - Director General, Securities and Exchange Commission of Sri Lanka (New Developments & Challenges in the Capital Market); a Q & A session will take place, moderated by Saliya Rajakaruna - CEO, Nations Trust Bank Ltd.

Please contact Irangika at the Ceylon Chamber of Commerce for registration and further details.