World Bank to support Sri Lanka in its economic recovery & development

World Bank has expressed commitment towards supporting Sri Lanka’s economic recovery and development. In a letter addressed to President Anura Kumara Dissanayake, the World Bank recognised that the country’s economic reset requires the State’s continued attention, and added that opportunities for growth, prosperity, and development are equally significant. Earlier this week, Managing Director of the International Monetary Fund Kristalina Georgieva said that the IMF is looking forward to working with Sri Lanka’s newly elected President. In an address to the nation on Wednesday, President Dissanayake said that his government will initiate discussions with the IMF immediately to take forward the ongoing programme and conclude a deal with its external creditors for debt relief. The leader had pledged to ensure better living conditions for the common man by relaxing austerity measures as the country makes efforts to recover, even as the external debt restructuring process is in its final stages.