World Bank Group President David Malpass met with President Ranil Wickremesinghe on Tuesday (8) in Sharm el-Sheikh, Egypt on the sidelines of the COP 27 climate change conference.
President Malpass and President Wickremesinghe discussed the challenging macroeconomic and social situation in Sri Lanka and the urgent need to stabilize the economy. President Malpass emphasized the importance of timely and effective resolution of the ongoing debt crisis and encouraged President Wickremesinghe to continue engaging with Sri Lanka’s official bilateral and private sector creditors to promptly agree on debt restructuring, the President's Media Division (PMD) said in a statement.
President Malpass and President Wickremesinghe discussed ways to improve the efficiency of public expenditures and necessary reforms to the state-owned enterprises, particularly given the large size of the public sector in Sri Lanka.
President Malpass affirmed the World Bank Group’s (WBG) support to the Sri Lankan people in rebuilding their economy and creating a foundation for sustainable private sector-led growth through IDA concessional financing, technical assistance, and policy advice.
President Malpass and President Wickremesinghe discussed opportunities for improving agriculture production and value chains, including through effective programs supporting fertilizer use, as well as Sri Lanka’s large potential in the service sector, including tourism and education.
President Malpass and President Wickremesinghe also spoke about climate change and the financing needs of developing countries to pursue impactful adaptation and mitigation investment.
You can share this post!
Content
The Judicial Service Commission (JSC) has interdicted Colombo Fort Magistrate Kosala Senadheera.
Mr. Ali Sabri Rahim, a Member of Parliament (MP) for Puttalam District whom an open warrant had been issued, attended a public ceremony at Al Aksha National School in Kalpitiya today (16) as the special guest of honor.
The Supreme Court today refused interim relief in an application filed by President’s Counsel Senaka Walgampaya seeking an Order from the Supreme Court compelling the President to appoint judges to fill the existing vacancies in the Court Of Appeal.
The deadline for online applications to the 2024 G.C.E. Advanced Level (A/L) Examination has been extended until July 12, the Department of Examinations said.
Gazette on new speed limit regulations to be issued within two weeks
Leave Comments