Future development plans discussed | Sunday Observer
Govt-World Bank meeting

Future development plans discussed

20 November, 2022

The future development plans and policies of Sri Lanka were discussed at length during a meeting of Government and World Bank representatives.

This discussion was held at the Ministry of Finance on Sri Lanka’s future development plans and policies under the patronage of Senior Advisor to the President on National Security and Chief of Staff to the President, Sagala Ratnayake and State Minister of Finance Shehan Semasinghe and State Minister for Investment Promotion, Dilum Amunugama with the World Bank Director for Sri Lanka, Faris Hadad-Zervos.

The discussions also 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 the 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 the meeting, World Bank Director Hadad-Zervos and the World Bank delegation met President Ranil Wickremesinghe.