News
World Bank MD offers fillip to private sector
View(s):The World Bank is keen to increase its support for Sri Lankan private sector development and has ramped up support through investments channelled through its affiliate – the International Finance Corporation (IFC).
This assurance was given by visiting World Bank Managing Director Sri Mulyani Indrawati during meetings she had with President Mahinda Rajapaksa, Central Bank (CB) Governor Ajit Nivard Cabraal, a group of senior journalists and private sector officials.Ms. Sri Mulyani, a former Indonesian Finance Minister and economist, is on a visit to Sri Lanka between November 15 and 19. She will also visit the North among other areas.
CB Governor Cabraal told the Sunday Times that she stressed the IFC’s keenness to support private sector development in the country. “She was (in fact) accompanied along (at meetings) by the country director and also the IFC representative in Colombo,” he said, adding that she discussed routine issues and the country’s development progress.
At a briefing to a group of senior journalists last evening, she expressed the same thoughts and also referred in detail to the World Bank’s new Country Partnership Strategy (CPS) for Sri Lanka.
She also stressed the need for quality foreign investment and had been told by private sector officials about the need for employable graduates passing out from local universities.
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