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Sri Lanka needs US$3.5bn solid waste management investments: IFC

ECONOMYNEXT – Municipal solid waste management in Sri Lanka will create an investment opportunity of $3.5 billion, the International Finance Corporation (IFC) has said.

The IFC, a member of the World Bank Group, has estimated the investment opportunity in a regional study that examines the climate-investment opportunities in south Asian countries.

“Recognizing the need for solid waste management, Sri Lanka’s national policies create a $3.5 billion opportunity for investment in the sector,” the report said.

“Sri Lanka also identifies water and sanitation as key areas for investment. Meeting its NDC goals for water and wastewater management will create an investment opportunity of more than $2.7 billion.”

South Asian government plans to meet the climate targets under the Paris agreement represents a US$3.1-trillion investment opportunities by 2030, said the IFC report.

(COLOMBO, December 5, 2017)

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