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WB to continue to support Sri Lanka’s development reforms program
Representatives from the World Bank stated that the World Bank will continue to support Sri Lanka’s development reforms program.
They stated that the World Bank will provide technical assistance in the drafting of laws for development policy operations, as well as work to provide additional guidance and support regarding the use of international media and welfare benefits.
The delegation including the Vice President of the South Asian Region of World Bank, Martin Raiser, met President Ranil Wickremesinghe at the Presidential Secretariat today (28).
The World Bank Development Policy Operational Program was fully investigated and the President and World Bank representatives commented on its progress.
Improving financial supervision and credit management, improving tax administration, sovereign-financial sector linkages and reducing systemic risks; maintaining stability and confidence in the banking sector, restructuring and divestment, reducing policy uncertainty and increasing competitiveness in the economy, mobilizing private capital and competition in the broadband market, strengthening the social security institution, delivery system and targeting was discussed.
World Bank’s Country Director for Sri Lanka Faris H Hadad-zervos, World Bank’s Country Manager for Maldives and Sri Lanka Chiyo Kanda, International Finance Corporation(IFC) Country Manager Sri Lanka and Maldives Alejandro Alvarez de la Campa, Advisor of the World Bank in Sri Lanka Husam Abudagga, World Bank representatives, President’s Senior Advisor on National Security and President’s Chief of Staff Sagala Ratnayake, President’s Secretary Saman Ekanayake, Finance Ministry Secretary Mahinda Siriwardena, President’s Senior Advisor on Economic Affairs Dr. R.H.S. Samaratunga, Central Bank Governor Nandalal Weerasinghe and other officials participated in the event.
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Police media spokesman resigns
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Speaker endorses certificate on Inland Revenue (Amendment) Bill
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Japan provides fire trucks to Sri Lanka
The Government of Japan, through a grant assistance of JPY 300 million, has decided to provide state-of-the-art Japanese fire trucks to the Government of Sri Lanka to strengthen disaster response capabilities in the country’s Export Processing Zones (EPZs), ensuring a safer business environment and contributing to economic and social stability.
Ambassador of Japan to Sri Lanka – Mr. Akio Isomata SOMATA and Secretary of the Finance Ministry – Mr. K. M. M. Siriwardana, today (March 20) signed and exchanged notes in Colombo on this grant assistance.
The EPZs play a crucial role in Sri Lanka’s economy by attracting investment and driving industrial growth.
The increasing risks of fire hazards and other emergencies risk hampering its critical functions.
The Japanese fire trucks, equipped with cutting-edge technology, will bolster the capacity of EPZs, safeguarding businesses, workers, and communities.
The project also underscores Japan’s unwavering commitment to addressing Sri Lanka’s socio-economic challenges and promoting sustainable development.
Police media spokesman resigns
Speaker endorses certificate on Inland Revenue (Amendment) Bill
Japan provides fire trucks to Sri Lanka
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