INSUBCONTINENT EXCLUSIVE:
The World Bank has reaffirmed its support for poverty reduction, digital development, and the Clean Sri Lanka initiative, with plans to
finance three major projects over the next three months, totaling USD 200 million.World Bank Vice President for South Asia, Martin Raiser,
concluded a 2-day visit to Sri Lanka today, where he met with President Anura Kumara Dissanayake, Prime Minister Harini Amarasuriya and
and long-term growth.Raiser was grateful for the opportunity to meet the new government and understand their development priorities for Sri
He was also encouraged by discussions with private sector stakeholders about potential opportunities to foster growth and job creation, says
Clean Sri Lanka initiative
The World Bank reaffirmed its support in these areas, with plans to finance three key projects over the next three months totaling $200
These projects will support rural development and education and will establish a facility to attract private investment in renewable
Sri Lankan authorities also discussed priorities for World Bank support over the medium-term, including enhancing the tourism sector;
service delivery, and ensuring the workforce is equipped with the skills required by a rapidly evolving labor market, the statement
said.Raiser emphasized the importance of maintaining macroeconomic stability, improving governance and attracting private sector investment
sector investment, including foreign direct investment
Ample opportunities exist in the digital economy, tourism, logistics, agricultural value chains, and renewable energy, but realizing this
readiness to offer comprehensive support for Sri Lanka as the country transitions from recovery to sustained, inclusive economic growth by
bringing together the public and private sector arms of the World Bank Group.
