The World Bank reaffirmed its continued support to Sri Lanka’s growth and development for the benefit of its entire people.
This was stated by World Bank Vice President for South Asia, Hartwig Schafer when he addressed a ceremony before conclusion his four-day visit in the island.
He also commended the government’s focus on tourism as an engine of sustained growth.
He stressed the need of promoting innovation in agriculture to adapt to climate change while developing systems of value addition for economic growth.
During his visit, Schafer gained a better understanding of the country’s development priorities under the new government and how the World Bank’s financial and knowledge resources can be deployed for maximum impact.
“Technology and innovations will drive Sri Lanka’s future growth,” said Schafer. Adding that “During his visit to Kandy and Kegalle districts, he observed how some innovative solutions in transport and water can improve the delivery of public services, and harness the private sector to boost the economy, create jobs, and lift people out of poverty.”
Schafer congratulated President Gotabaya Rajapakse on the recent elections victory and assured the World Bank’s continued support to realize Sri Lanka’s growth and development aspirations.
He also met the Prime Minister and Minister of Finance Mahinda Rajapakse and senior government officials including the newly appointed Governor of the Central Bank of Sri Lanka Prof. W.D. Lakshman and the Secretary to the Ministry of Finance, Sajith Attygalle.
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During his visit, Schafer discussed some of the government’s key priorities, such as investments in human and physical capital, public sector reforms, creating skilled jobs for youth, and responding to the health needs of a rapidly aging population.
(LI)