National Development Plan of Sri Lanka

The Ministry of Finance and Planning has established a tenyear development framework (2010-20) in which to realise the Mahinda Chinthana vision for Sri Lanka – that growth in GDP alone will not bring economic prosperity to the people (2005, 2010). The current medium-term development plan, published in 2010 and spanning the period 2010-16, came out of a broad stakeholder consultation process, including ministries, agencies, trade chambers, civil society organisations and trade unions.

 

Policy

The key goals of the medium-term national development policy include:

  • Maintaining economic growth of at least 8 per cent per annum and GDP per capita of more than US$4,000 by 2016
  • Private-sector-led growth
  • Eradication of poverty
  • Universal secondary education
  • Reducing the malnutrition rate of children to 12-15 per cent
  • Life expectancy of at least 80 years
  • Increasing access to clean water in urban areas to 90 per cent of people
  • Raising forest coverage to 43 per cent of the land area