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Sri Lanka’s development is excellent – World Bank

Dec 17, 2010 10:29:21 AM - itnnews.lk

The World Bank has said that Sri Lanka’s development programme is excellent. It has assured continued support to the island.

Dr. Ngozi Okonjo-Iweala, Managing Director of the World Bank Group, who is in the island on a two-day official visit, made these references when she called on President Rajapaksa at Temple Trees today. She highly appreciated the mega development drive mooted after enthroning peace in Sri Lanka.

Dr. Okonjo-Iweala said the World Bank has been an active partner in supporting Sri Lanka in its transition from a low income country in conflict to a middle income country in peace. The post-conflict environment provides an opportunity to build on our relationship to support the government’s vision to firmly establish the country’s place in the ranks of fast growing middle income countries. She said Foreign Direct Investment is vital for any middle income country to achieve its economic targets.

She underlined the importance of seeking alternative energy sources as the world is on the brink of an energy crisis.

Deputy Minister Geethanjana Gunawardena, Secretary to the President Lalith Weeratunga and Central Bank Governor Ajith Nivard Cabral were present at this meeting.