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
Sri Lanka Appellate Court rejects the petition against Tamil National Alliance
-- [1 hour and 3 minutes ago]
Ministry of Health to conduct a census on Sri Lanka's psychiatric patients
-- [1 hour and 10 minutes ago]
Sri Lanka Muslim Congress Supreme Council meets to discuss presidential election
-- [1 hour and 33 minutes ago]
Sri Lanka Catholic Church call upon all Catholics to help the landslide affected people
-- [1 hour and 51 minutes ago]
Sri Lankan President visits landslide affected village
-- [2 hours ago]
UN Human Rights Committee asks Sri Lanka to repeal 18th Amendment to the Constitution
-- [3 hours ago]
U.S. stands ready to assist Sri Lanka, commends government's rescue efforts after landslide
-- [3 hours ago]
Australia's Wellard Group secures contract to supply 22,500 dairy cows to Sri Lanka
UN humanitarian wing on standby to support Sri Lanka after landslides
US help not sought for Sri Lanka landslide rescue

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.