On Wednesday, the World Bank announced a $ 1 billion package in three years to support job creation and the development of the growth of the private sector in Sri Lanka, the press release said.
The announcement came after the meeting between the World Bank President Ajay Banga and President Anura Kumara Dissanayake.
“The aim of this initiative is to expand the economic opportunity, strengthen the local industry and attract private capital to support long -term growth,” she said.
The World Bank estimates that nearly a million young people will enter the workforce in Sri Lanka in the next decade, but it is assumed that only 300,000 jobs will be created in the same period.
“The project is expected to mobilize more than $ 800 million in private investment and include $ 40 million under warranty.”
The Dissanayake Office said digitization, tourism, agriculture and infrastructure development and the development of the development of northern and eastern provinces were based on interviews between him and Banna.
On April 25, the International Monetary Fund (IMF) and Sri Lanka reached an agreement in Washington on the fourth review of the extended fund (EFF) program of $ 2.9 billion, which was originally approved in March 2023 to help Sri Lanka in navigation his worst economic crisis.
In a statement, the IMF then appreciated the Sri Lankan government for its continuing commitment to economic reforms launched under EFF.
(Stotransmems) World Bank (T) Salt’s Lisa-Mamama.
