Wednesday, 12 August 2020 08:40

CSE confident in strong mandate for a pro-growth Govt.

The Colombo Stock Exchange (CSE) yesterday expressed confidence in the strong mandate by the people on 5 August election for a pro-growth Government.

“The CSE welcomes the decisive expression of support for the new Government by the Sri Lankan people and is confident of the establishment of a strong, pro-growth socio-economic policy framework by the new administration which will strengthen the investment climate in Sri Lanka,” the CSE statement said.

In particular, the CSE applauded the specific inclusion of capital markets under the gazetted responsibilities for State Ministers within the Ministry of Finance, and looks forward to meaningful engagement on developing the nation’s capital markets.

“The mandate given to the new Government will be an opportunity for much needed policy reforms to be enabled in order to drive an accelerated and sustainable socio-economic development program for Sri Lanka,” the CSE said.

The statement said the CSE strongly believes that the capital market in Sri Lanka should play a pivotal role in facilitating capital formation for commercial enterprises and wealth generation for citizens, and look forward to working in partnership with the relevant ministries, the Securities and Exchange Commission of Sri Lanka, other government agencies and market intermediaries to actively support the Government’s vision of development.

In its statement, the CSE Board of Directors congratulated the new Government led by President Gotabaya Rajapaksa and Prime Minister Mahinda Rajapaksa on receiving a convincing mandate at the recently concluded General Election.

(FT)

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