Sri Lanka and World Bank discuss Economic Reforms and collaborations

The Sri Lanka Delegation, led by President Ranil Wickremesinghe, engaged in high-level discussions with World Bank President Ajay Banga and other World Bank officials at the World Bank Headquarters (UNHQ) on Monday (18). The meeting centered on a range of critical topics, including economic reforms, agriculture, tourism, and digitization.

President Wickremesinghe expressed gratitude for the vital financial support provided by the World Bank during challenging times, stating, “The money was available at least for the basics and that helped us tide through the most difficult months. Now it’s a matter of finalizing the debt restructuring and moving on from there.” He emphasized the need for fast and sustained economic growth.

The Sri Lanka President highlighted the immediate focus on tourism, food security,  agricultural modernization, additional technological universities and renewable energy development, which would significantly impact the northern region of Sri Lanka. He also mentioned plans for a climate change university.

World Bank President Ajay Banga commended Sri Lanka’s commitment to reforms, emphasizing the importance of credibility in the country’s approach. He noted that the World Bank is actively involved in advisory work and encouraged Sri Lanka to rely on their support.

(PMD)