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
U.S. stands ready to assist Sri Lanka, commends government's rescue efforts after landslide
-- [11 minutes ago]
Australia's Wellard Group secures contract to supply 22,500 dairy cows to Sri Lanka
-- [6 hours ago]
UN humanitarian wing on standby to support Sri Lanka after landslides
-- [7 hours ago]
US help not sought for Sri Lanka landslide rescue
-- [9 hours ago]
Sri Lanka Army deploys troops and heavy machinery to assist landslide rescue operations
-- [9 hours ago]
India offers help for Sri Lanka landslide rescue operations
Opposition Leader of Sri Lanka expresses sorrow and calls for help for landslide victims
Sri Lanka President expresses condolences to victims of landslide disaster
Sri Lanka sign MoU with China to develop rubber industry
Landslide rescue operations suspended in Sri Lanka due to bad weather

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.