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 commends Sri Lanka's achievements
Mon, Jan 27, 2014, 08:50 pm SL Time, ColomboPage News Desk, Sri Lanka.

Jan 27, Colombo: Philippe Le Houerou, World Bank Vice President for the South Asian Region, who is on a visit to the island commended Sri Lanka for its economic and other achievements when he met Sri Lankan President Mahinda Rajapaksa at Temple Trees this morning (27).

During the discussion Sri Lanka's development process and the present and future cooperation between the World Bank and Sri Lanka were highlighted. Mr. Houerou said that after his arrival he had visited the North, the East and several other parts of the country and spoken to government officials and people of all walks of life.

"The level of development I have witnessed is highly impressive", he noted.

The World Bank official especially commended the high quality of roads that have been recently constructed.

Focusing his attention to Sri Lanka's private sector he said that he had met with many bright people with valuable ideas and concepts. He also appreciated services provided by the government hospital in Trincomalee which he had visited.

"Within the short period of less than five years since the end of the conflict we were able to reach a high level of development. In spite of that certain forces and groups are trying to distort the ground situation and apply pressure on the country", President Rajapaksa noted. However, the development process will not be abandoned the President said.

Responding to Mr. Houerou's question "what is your next challenge" President Rajapaksa pointed out that securing more investments is one of his priorities. With political stability, attractive incentives and simplified procedures there is a favorable environment for investment in the country, noted President Rajapaksa.

"The country has a clear vision and directions. What is now needed is to streamline programs", Mr. Houerou observed assuring World Bank's continued partnership with Sri Lanka.

Information technology, tourism and ports were named as some of the potential areas for investment during the discussion.

Dr. P.B. Jayasundara, Secretary to Ministry of Finance briefed the visiting World Bank Vice President on urban development activities in Colombo and other development projects in the rest of the country.

ColomboPage - Recent 10 Stories
Tamil Nadu CM urges Indian PM to give visa to UN team probing Sri Lanka
-- [5 hours ago]
Sri Lanka condemns loss of civilian lives in Gaza
-- [5 hours ago]
Sri Lanka progressively improves in human development
-- [6 hours ago]
Coalition party of Sri Lanka ruling alliance likely to contest Uva PC separately
-- [9 hours ago]
Sri Lanka's Central Bank enters into an investment agreement with Reserve Bank of India
-- [9 hours ago]
President sends wishes to Sri Lankan team for the 20th Commonwealth Games
Sri Lankan President conveys greetings for the 20th Commonwealth Games
No short supply of heroin in Sri Lanka despite regular seizures
Sri Lanka's apex court dismisses opposition party's petition regarding Uva PC
Sri Lanka Air Force proposes a maintenance center for Chinese aircraft

Copyright © 2000, 2014 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.