World Bank assures continuous support to stabilize Sri Lanka’s economy

(LANKAPUVATH | COLOMBO) – The World Bank has assured its continued support to stabilize Sri Lanka’s economy and strengthen social safety nets.

The global lender’s assurance was given to State Minister of Finance Shehan Semasinghe, who is currently in Washington, DC to attend the 2023 Spring Meetings of the World Bank Group and the International Monetary Fund when he held a discussion with the Managing Director of Operations of the World Bank Anna Bjerde on Monday.

Central Bank Governor P. Nandalal Weerasinghe and Secretary to the Treasury K. M. Mahinda Siriwardana were also present at the discussion.

The Minister said they discussed how Sri Lanka’s reform agenda will support its economic recovery. “Great to note the continued support of the World Bank to strengthen the social safety nets and economic stabilization,” the Minister said on his Facebook page.

Minister Semasinghe said he had a great interaction with the World Bank team specialized in social safety net interventions, cash transfer programs and developing effective delivery systems.

Ms. Bjerde tweeted that they discussed how World Bank can support Sri Lanka as it implements economic stabilization, steps up social protection and revives growth.

The State Minister of Finance also held discussions with the Executive Director of IMF Dr. Krishnamurthy Subramanian Monday during the 2023 Spring Meetings to discuss Sri Lanka’s ambitious reform agenda and its commitment to successfully completing the IMF program.

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