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Regaining Sri Lanka: Part II - Connecting to Growth: Sri Lanka’s Poverty Reduction Strategy

Democratic Socialist Republic of Sri Lanka Government of Sri Lanka Country Resources Development and Poverty Strategies Sri Lanka December 2002 Policy document community services, prevention, strategy

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One of the central objectives of the Government is to restore economic growth and thereby effectively eliminate poverty in Sri Lanka. An average of 4 to 5 percent GDP growth since Independence has not been sufficient to provide full employment at acceptable incomes for all Sri Lankans. Much higher rates of economic growth will be needed to bring about the required improvements in opportunity and living standards. The Government has set a long-term target growth rate of 10 percent. This will be necessary not only to substantially reduce poverty, but also to carry out the necessary reconstruction and rehabilitation to ensure a permanent end to the conflict in the North and East.

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