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Monday, September 25, 2023

World Bank assures support to Sri Lanka


The World Bank has promised continued support to Sri Lanka, Prime Minister Dinesh Gunawardena said in remarks published on Wednesday.

He made the comment after discussions with World Bank Country Director Chiyo Kanda and senior strategy and operations officials about the progress of ongoing projects and proposed future projects, the Daily Mirror reported.

The Prime Minister briefed the delegation about the steps taken by the government to overcome economic challenges and said the new reforms would result in early conclusion of monetary arrangements with the International Monetary Fund.

The World Bank Director expressed satisfaction over the short term measures to ease the economic situation and stressed the need for continuous midterm and long-term efforts. She assured continuous support to Sri Lanka, the daily said.

They exchanged views on the new reforms, including monetary and fiscal reforms which will soon see passage through the Cabinet and Parliament to pull the country out of its current economic crisis.

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