The World Bank on Saturday urged the Sri Lankan government to make "a transformational change" to the economy by increasing private sector led growth.
Visiting the island recently and holding meetings with senior government officials and the president, Maithripala Sirisena, the World Bank's vice president, Annette Dixon said they were committed to helping the new government implement policy reforms.
“This is a crucial moment in Sri Lanka’s history to make a transformational change by fostering more inclusive, private sector-led growth and re-balancing public and private interests” Ms Dixon was quoted by LBO as saying.
“Such a vision will need to be accompanied by transformational government-led reforms and pro-active macro-economic management. I was pleased to learn of the Government’s early intentions and to explore ways to calibrate our support," she added.
See more here.
Speaking at the presidential secretariat during the meeting with Ms Dixon, Mr Sirisena said the government aimed to increase economic growth from 6% to 10%. See more here.
Related article: IMF says Sri Lanka is likely to miss fiscal deficit target (19 Sep 2015)
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