Home » A discussion with WB representatives on Sri Lanka’s future development plans

A discussion with WB representatives on Sri Lanka’s future development plans

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A discussion with the representatives of the World Bank on the future development plans and policies of Sri Lanka was chaired by Sagala Ratnayake, Senior Adviser to the President on National Security and Chief of Staff to the President, and Minister of State for Finance Shehan Semasinghe and Minister of State for Investment Promotion Dilum Amunugama was held at the Ministry of Finance yesterday (17).

In this discussion held with the delegation including Faris Hadad-Zervos, World Bank Director for Sri Lanka, the country’s future development plans and policies were discussed at length.

Improving public financial supervision and debt management, improving tax administration policy, reducing sovereign financial sector involvement and systemic risks, improving energy sector performance and reducing carbon emissions, reducing policy uncertainty and increasing the competitiveness of the economy, Restructuring of public enterprises, implementing private capital and thereby creating competition in the broadband market, strengthening social security institutions and targeting distribution systems were also discussed and related proposals were also presented.

President’s Secretary Saman Ekanayake, President’s Senior Economic Adviser Dr. RHS Samaratunga, Finance Ministry Secretary Mahinda Siriwardena, Central Bank Governor Dr. Nandalal Weerasinghe and government officials of line institutions attended the event.

After that, the delegation including Faris Hadad-Zervos, Director of the World Bank for Sri Lanka, met with President Ranil Wickremesinghe and briefed the President on these matters.

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