Following a meeting with Finance Minister Ravi Karunanayake this week, the World Bank noted that Sri Lanka has been rapidly achieving its development goals which were set at the time the loans were granted, a statement from the ministry said.
World Bank Vice President in charge of the South Asian Region Annette Dixon said that the financial disciplines practiced by the incumbent government are the reasons for such achievements.
Ms. Dixon is currently in the island on an official visit to assess how Sri Lanka has utilized the World Bank loans in development projects in the country.
Sri Lanka has achieved its development goals speedily, therefore World Bank is pleased to extend further assistance, Ms. Dixon said. In addition, she hailed Sri Lanka for speeding up the development drive.
Meanwhile, Minister of Finance Ravi Karunanayake told Ms. Dixon that Sri Lanka has embarked on a long journey of economic development on the guidance of His Excellency President Maithripala Sirisena and Honorable Prime Minister Ranil Wickremesinghe. The country’s financial disciplines have been strengthened while transparency is assured. The aim of this government is to further speed up these development projects and, the assistance extended by international financial institutions such as World Bank is much appreciated, Minister Karunanayake said.
World Bank Sri Lanka Country Director Dr. Idah Pswarayi-Riddihough, Deputy Treasury Secretary S.R. Artigala and Director General of External Resources Department Priyantha Rathnayake were also present on the occasion.
The Constitutional Council has approved four nominees, proposed by the President, to fill vacancies in the Court of Appeal.
The Election Commission has announced the plan for leave for both public and private sector employees for the upcoming presidential election on September 21, 2024, without loss of salary or personal leave.
The Ceylon Petroleum Corporation (CPC) will reduce fuel prices with effect from midnight today.
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