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Last Updated : 2024-04-23 15:09:00
10 November 2022 09:19 am - 2 - {{hitsCtrl.values.hits}}
World Bank Chief David Malpass during a meeting with President Ranil Wickremesinghe, encouraged the President to continue engaging with SL’s official bilateral and private sector creditors to promptly agree on debt restructuring.
Issuing a statement following the meeting, the World Bank stated; President Malpass and President Wickremesinghe discussed the challenging macroeconomic and social situation in Sri Lankaand the urgent need to stabilize the economy.
President Malpass emphasized the importance of timely and effective resolution of the ongoing debt crisis and encouraged President Wickremesinghe to continue engaging with Sri Lanka’s official bilateral and private sector creditors to promptly agree on debt restructuring. President Malpass and President Wickremesinghediscussed ways to improve efficiency of public expenditures andnecessary reforms to the state-owned enterprises, particularly given the large size of the public sector in Sri Lanka.
President Malpass affirmed the World Bank Group’s (WBG) support to Sri Lankan people in rebuilding their economy and creating a foundation for sustainable private sector led growth through IDA concessional financing, technical assistance, and policy advice.
President Malpass and President Wickremesinghe discussed opportunities for improving agriculture production and value chains, including through effective programs supporting fertilizer use, as well as Sri Lanka’s large potential in the service sector, including tourism and education.
President Malpass and President Wickremesinghe also spoke about climate change and the financing needs of developing countries to pursue impactful adaptation and mitigation investment.
Uali Thursday, 10 November 2022 09:53 AM
Dear President Malpass,please direct your friend SriLankan president wickramasinha,, is an agent of previous president who is following a strategy of squeezing public by tax to the last drop but won’t take any action to recover swindled money by politicians of previous governments, though there are enough evidence such as what revelled by Pandora papers, scam of central bank etc,in Central bank robbery president himself accused as the mastermind
Action for freedom Thursday, 10 November 2022 04:45 PM
Ranil wants to get money from IMF they cheat on all the conditions. Government frequently passes Bills that are found to be against Constitution. Recently it was the VAT Bill. Ranil wants to cheat US pension funds, and give creditor 10% or less. Creditor if they don't take at least 100% of the owed amount, plus interest, will just allow the corrupt to continue their disgusting and devious financial and other crimes. If government and Ranil win against the creditors their success will cause future generations to be failed by the wicked old lot in power. Once the wicked MPs, which is the vast majority of the 225 are utterly lost in failures, youth have chance to rise above their archaic traditions and tyranny. Anything is better than letting the 225 just keep going ruining our future and the future of others around the world too - the creditors owed many billions.
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