IFC Stresses Private Sector Engagement as Key to Sri Lanka's Economic Growth




During a meeting held on the sidelines of the International Monetary Fund World Bank Group Spring Meetings, Riccardo Puliti, the Regional Vice President for Asia and the Pacific at the International Finance Corporation (IFC), emphasized the significance of private sector engagement in bolstering Sri Lanka's economic growth trajectory. Puliti discussed this imperative with State Minister of Finance Shehan Semasinghe and Governor of the Central Bank of Sri Lanka Dr. P. Nandalal Weerasinghe.

State Minister Semasinghe highlighted Sri Lanka's economic outlook and advancements in restructuring State-Owned Enterprises (SOEs), a process supported by the IFC. Additionally, the State Minister indicated that the IFC is contemplating further investments and assistance to ensure financial sector stability within the country.

The International Finance Corporation (IFC), as the private sector arm of the World Bank group, plays a pivotal role in fostering sustainable economic development across the globe.