World Bank assures continuous support to Sri Lanka: PM

30 November 2022 12:04 pm - 7 - {{hitsCtrl.values.hits}}

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Prime Minister Dinesh Gunawardena held discussions with World Bank Country Director Chiyo Kanda and senior Strategy & Operations officials about the progress of ongoing projects and proposed future projects.

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.

WB 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.

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.

With most prior actions including but not limited to revenue enhancing policies, market pricing of energy and the commitment to restructure loss making state-owned enterprises have been either already implemented or embarked upon, the Prime Minister said. The government is committed to work on food security and export crop production, even amid difficult situation, he stressed.

The delegation noted that IMF package to unlock US$ 2.9 billion over a four-year span as very good progress is being made in the debt restructuring front.

World Bank’s Director of Strategy and Operations for South Asia, Illango Patchamuthu, Senior Operations Officer Asela Dissanayake and Additional Secretary to the Prime Minister, Mahinad Gunaratne also took part in the discussion.

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Comments - 7

Ama Wednesday, 30 November 2022 12:25 PM

Hon WB Director, please tell Government of SRI LANKA not to waste money when parliamentarians undertake foreign trips. Today DM reveals that Fmr President cum PM has spent a staggering amount of 36,970.86 rupees on Foreign trips.

BuffaloaCitizen Wednesday, 30 November 2022 12:40 PM

Dinesh is Prime Minister in charge for Meeting and Shaking Hands only. Nothing practically happens.

Eper Wednesday, 30 November 2022 01:04 PM

All talk.Waiting for the dollars to settle the economic crisis. Keep us informed and give us a detailed account of the expenditure

joshua Wednesday, 30 November 2022 01:41 PM

World Bank. You give money these political morons rob it. Nothing goes to the people. DO NOT give any money unless there is a good trail. Now the 7 brains has landed in SL and he knows exactly how to calculate 10%.

Sunil Wednesday, 30 November 2022 02:10 PM

The World Bank would provide us all forms of support other than funds, considering the mass scale corruption now prevailing in the country and it is just as well.

Sensible solution Wednesday, 30 November 2022 07:45 PM

World Bank - The problem we have is racial problem. If we have two states, a Sinhala speaking one and a Tamil speaking one in one country problem solved. Even Sinhala speaking, English speaking, Tamil speaking ones can move into any of the two states They can even go abroad. India has 29 states and people move in between states for jobs, marriage, business etc.Similarly UK has 4 states and people move in between states.

Dinesh Thursday, 01 December 2022 03:30 AM

IMF will set fire to this money before giving it to SL. At least people could use it to keep warm.

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World Bank assures continuous support to Sri Lanka: PM

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