Lankapage Logo Recent Top Stories
CP 14 YEARS
Go Home Home Serving the Sri Lankan community globally since 2000
go to LankaPage.com

Leading News from Sri Lanka::

* World Bank fully-aligned with Sri Lanka government's vision
Thu, Aug 29, 2013, 06:52 pm SL Time, ColomboPage News Desk, Sri Lanka.

Aug 29, Colombo: The World Bank's new country director assigned to Sri Lanka and the Maldives, Ms. Francoise Clottes, said she sees "high potential" in Sri Lanka when she met Sri Lankan President Mahinda Rajapaksa at Temple Trees yesterday (Aug. 28) evening.

The World Bank official also said that the government has put in place some ambitious goals, and the global lender is ready to help Sri Lanka to reach those goals.

"What is more remarkable is that (work on those objectives) is well under way and the World Bank's role in the country now is more about how we can help more," she said.

President Rajapaksa advised Ms. Clottes to visit rural parts of the country to get a comprehensive understanding of all aspects of Sri Lanka. The President also said that speaking directly with the people will be the best way to understand the actual ground situation.

Ms. Clottes told the President that she feels "privileged to be placed in Sri Lanka," and said the World Bank remains fully-aligned with the Sri Lankan government's vision for the country.

"The country is unique. The country has assets," Ms. Clottes said, describing how, unlike many other countries, Sri Lanka does not have to struggle to establish an identity.

Recognizing that infrastructure development is paramount to achieve government's targeted growth rate of 6-8 percent over the next five years, the World Bank has funded several mega projects in Sri Lanka.

Among the projects funded by the World Bank are the Road Sector Assistance Project, Second Health Sector Development Project, Metro Colombo Urban Development Project and Transforming the School Education System.

Since Sri Lanka has achieved middle-income status, the country now has required access to International Bank of Reconstruction and Development (IBRD) financing which allows Sri Lanka to receive significantly increased financial support from the World Bank during the coming years.

Secretary to the Treasury Dr. P.B. Jayasundera also participated in the meeting.

(Photos by Sudath Silva)

ColomboPage - Recent 10 Stories
Sri Lanka and Samoa propose to protect the Blue Shark at global migratory species conference
-- [59 minutes ago]
Ven. Arambepola Rathanasara Thera remanded until the 30th
Purpose of devolution is not to strengthen politicians but people - President
Dengue Prevention Programme in Colombo district wins international recognition at Digital Health awards
President, PM visit Vavuniya to resolve problems of the public in the North
Indian High Commissioner launched new B.Tech degree course at Sri Lanka International Buddhist Academy
Sri Lanka government says not responsible for illegal migrant workers
Sri Lanka Navy rescues seven Indian sailors stranded in the sea
UN and Sri Lanka Ministry of Education launch SDG Action Campaign
Probe into Principal for removing student on false allegations

Copyright © 2000, 2012 by LankaPage.com (LLC) :
The news and other contents on ColomboPage are copyrighted property of LankaPage.com, LLC. Any unauthorized use of any information on ColomboPage may constitute a violation of copyright laws. You need written permission to reproduce, republish, post, transmit, broadcast or distribute, material from this site from LankaPage.com, LLC. However, news organizations or broadcasters in Sri Lanka may republish the news items in ColomboPage with proper acknowledgment to ColomboPage.