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::

* Sri Lanka has overcome many development challenges successfully - World Bank
Fri, May 9, 2014, 11:50 pm SL Time, ColomboPage News Desk, Sri Lanka.

May 09,Kandy: In the recent past Sri Lanka has been successful in overcoming many development challenges including moving people out of poverty and taking measures to boost shared prosperity, the World Bank said.

Addressing the South Asian Urban Transformation Workshop held in Kandy, in central Sri Lanka, World Bank Country Director for Sri Lanka and the Maldives, Francoise Clottes said the country is now focusing on addressing new challenges involving bold decisions and transformational approaches.

The World Bank official said given the magnitude of the urbanization process, Sri Lankan cities will have tremendous opportunities for economic and social development while facing unprecedented policy challenges at the same time.

She said the urbanization also means greater pressure on land and housing as well as the entire networked infrastructure underlying the supply of basic urban services, leading to a rapid deterioration in a quality of life for their citizens.

"The challenge is to respond fast and efficiently," the official said.

Urban development is a relatively new area of engagement for the World Bank, supported by the first IBRD loan to Sri Lanka in 2012 to regenerate Sri Lanka's urban areas.

The Metro Colombo Urban Development project is currently helping the Colombo Metropolitan Region to address obstacles to realizing its full economic potential, including inadequate infrastructure and services and significant vulnerability to flooding

The World Bank is also extending its support to Sri Lankan government in the urban sector through a second large project which was approved by the World Bank Board 3 days ago- the Strategic Cities Development Project, which focuses on urban services improvement in two cities: Kandy and Galle.

Sri Lanka is taking important steps to implement its urban vision, including connectivity improvements, urban renewal and sustainable initiatives in its strategic cities, according to the World Bank official.

"The Bank will stand ready to provide support to understand the economic drivers of rapidly growing cities," she said.

"Fostering economic growth in major urban centers outside of Colombo should produce a more spatially balanced contribution to the economic opportunities and bolster shared prosperity and overall national economic growth."

Ms. Clottes said the Sri Lankan government is not only aware of issues connected with urbanization but also provides the space to deliberate and find means of addressing these issues.

ColomboPage - Recent 10 Stories
Government to gazette terms and conditions for SAITM, halts further enrollment and degree awarding
-- [8 hours ago]
Sri Lanka Navy nabs two persons with 135 kg of Kerala Cannabis
Tamil Nadu fishermen increase poaching in Sri Lankan waters, Navy arrests 39 fishermen in last three days
Peace Winds Japan teams up with local partner to provide emergency relief items for Sri Lanka flood victims
Amnesty International calls on Sri Lanka for immediate implementation of Office on Missing Persons
CSE announces revision of share transaction fee structure from Tuesday
Sri Lanka launches another Dengue eradication program as disease spreads
Sri Lanka's ornamental fish sector wins international accolades
Sri Lanka state doctors end strike amid heavy protest from public
Batticaloa District of Sri Lanka formally declared landmines Free

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.