Govt., World Bank discuss future development plans

Saturday, 19 November 2022 00:19 -     - {{hitsCtrl.values.hits}}

The Government and the World Bank on Thursday held a meeting to discuss future development plans.

The Government was represented by Senior Advisor to the President on National Security and Chief of Staff to the President Sagala Ratnayake, State Minister of Finance Shehan Semasinghe and State Minister Dilum Amunugama whilst the World Bank was represented by its Country Director for Sri Lanka and South Asia Faris Hadad-Zervos.

A statement from President’s Media said the discussions focused on improving fiscal oversight and debt management, improving tax administration, reducing sovereign financial sector nexus and systemic risks, improving energy sector performance and reducing carbon footprint, restructuring and divesting of SOEs, reducing policy uncertainty and increasing competitiveness of the economy, mobilising private capital and competition in the broadband market and strengthening social protection institutions, delivery systems and targeting. 

Secretary to the President Saman Ekanayake, Senior Economic Adviser to the President R.H.S. Samaratunga, Finance Ministry Secretary Mahinda Siriwardena, Central Bank Governor Dr. Nandalal Weerasinghe and government officials of line institutions were also present.

Following this meeting, World Bank Director for Sri Lanka Faris Hadad-Zervos and the World Bank delegation also met President Ranil Wickremesinghe and briefed him on these matters.