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World Bank Vice President visits Sri Lanka for talks on north, local govt support

Aug 29, 2016 11:30 AM GMT+0530 | 0 Comment(s)

ECONOMYNEXT – World Bank South Asia Region Vice President Annette Dixon arrived in Sri Lanka Monday on an official two-day visit during which she will hold talks on projects supporting local government service delivery and northern province development, including Jaffna city.

She will be meeting with senior officials including Minister of Finance Ravi Karunanayake; Governor of the Central Bank Indrajit Coomaraswam; and Justice C. V. Vigneswaran, Chief Minister Northern Province and other officials.

 “During these meetings, I hope to continue discussions that I have previously had with the government to further our collaboration,” Dixon was quoted as saying in a statement.

“As Sri Lanka’s largest development partner for over 60 years, the World Bank looks forward to building upon this established collaboration and to continue supporting Sri Lanka’s ambitious development agenda.” said Dixon.

This is her third visit to Sri Lanka since taking office in December 2014. Dixon will be visiting World Banksupported projects aimed at enhancing economic growth and development.

The visit will cover projects supporting local government service delivery, Jaffna city development priorities and opportunities to modernize agriculture in the Northern Province - with a focus on creating livelihood opportunities and increasing productivity.

 “I look forward to my first visit to the Northern Province of Sri Lanka and meeting with key officials as well as civil society representatives to receive a firsthand account of the development progress and how the Bank’s support can have maximum impact,” said Dixon.

“Sri Lanka’s journey towards higher growth and prosperity will require progress across all provinces.”

Since the World Bank Group’s first development credit to Sri Lanka for the Aberdeen-Laksapana Power Project in 1954, the institution has become one of Sri Lanka’s largest development partners.

It has worked closely to support the country’s progress including education, health, urban development, agriculture, transport and environmental protection.

The World Bank Group’s activities are guided by a Country Partnership Framework (CPF) which is agreed upon with the Government of Sri Lanka. The CPF will guide the collaboration for the next four years until June 2020.  The World Bank’s current portfolio consists of $1.8 billion in financing commitments.
(COLOMBO, August 29, 2016)
 


 

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