Lankapage Logo CP 18 YEARS
Go Home Home Serving the Sri Lankan community globally since 2000
go to LankaPage.com

Leading News from Sri Lanka::

* Sri Lanka's 2018 budget aims at empowering private sector through public-private partnership
Thu, Oct 12, 2017, 11:19 pm SL Time, ColomboPage News Desk, Sri Lanka.

Oct 12, Washington, DC: Sri Lanka's Minister of Finance and Mass Media Mangala Samaraweera said the next year's 'designer budget' is aimed at creating a robust, flourishing and modern economy and will focus on a start - up culture of empowering the private sector for the development of the country.

Minister Samaraweera made this statement at a meeting with the Regional Director for World Bank's International Finance Corporation (IFC) South Asia Mengistu Alemayehu in Washington, DC yesterday (11). Deputy Minister of Economic Development Dr. Harsha de Silva also participated in the discussion;

The Minister briefed the IFC Director on empowering the private sector through the public-private partnership and the implementation of the Inland Revenue Act.

Wide ranging discussions with the IFC director centered on important issues of the Sri Lankan economy. Discussions also focused on ways and means of enhancing mutual cooperation to promote private sector contribution for the economic development of Sri Lanka.

Following extensive deliberations, the IFC Director for South Asia said the IFC will support infrastructure development, eco-tourism and affordable housing initiatives in Sri Lanka.

Appreciating the support given by the IFC to obtain a private sector contribution for development, Minister Mangala Samaraweera said the government has given priority to the private sector contribution under public and private partnership to develop the country.

The IFC provides financial support and training opportunities for the sustainable growth of the SME sector in Sri Lanka. The agency has committed over USD 165 million during 2017, covering projects across a range of sectors including infrastructure, tourism, renewable energy, finance, and healthcare.

Samaraweera said as the Minister of Finance he is ready to present his first budget with the aim to build a rich country with a strong economy. This budget has focused on the empowerment of the private sector, he said.

 

ColomboPage - Recent 10 Stories ::
Former police OIC, DIG arrested over Lasantha Wickrematunge's killing further remanded
-- [7 hours ago]
Police fire tear gas and water cannons to disperse SAITM protesters
-- [7 hours ago]
Sri Lanka captain Chandimal suspended for one Test after being found guilty of changing the condition of the ball
-- [8 hours ago]
Sri Lanka to exempt VAT from private medical services from 1st July
-- [8 hours ago]
IRRI to provide technical assistance to Sri Lanka to restore self-sufficiency in rice
-- [9 hours ago]
MP Buddhika Pathirana sworn in as Deputy Minister of Industries and Commerce
Colombo Stock Exchange decides to delist Kalpitiya Beach Resort
Construction of first of four multi-purpose fishery harbors to begin soon
Indian seafood producer willing to invest $ 5 million in Sri Lanka's aquaculture sector
Oman Post suspends sending mail to Sri Lanka

Copyright © 2000, 2016 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.