Colombo: Central Bank of Sri Lanka Governor Ajith Nivard Cabraal here on Monday claimed the country's economy continues to perform well and is among high growth nations such as India and China, discounting a ratings agency's assessment of its financial system as 'high risk'.
Cabraal was responding to Fitch Ratings' listing of Sri Lankan economy among a group of high risk financial systems in Asia and the Pacific.
"We can't agree with the statement when they have rated India and China among high risk economies alongside Sri Lanka. But these three countries have managed to record high economic growth," Cabraal said.
He said all three nations have recorded improved unemployment rates compared to most other nations who are currently going through a patch of negative economic growth and high unemployment figures between 15 to 20 percent.
Sri Lanka seeks to maintain an 8 percent growth rate in the post-ethnic conflict phase, with increased revenue from tourism and foreign direct investment.
Tourist arrivals grew by over 30 percent year-on-year during the first 9 months of 2011 and FDI has reached a billion US dollars, as declared in the Budget 2012 presented last week.