Private sector engagement key to boost Sri Lanka’s growth -IFC

COLOMBO (News1st); International Finance Corporation's (IFC) Regional Vice President for Asia and the Pacific Riccardo Puliti says private sector engagement is key to boost Sri Lanka’s growth and pave the way for a resilient future.

He expressed these views during a meeting with State Minister of Finance Shehan Semasinghe and Governor of the Central Bank of Sri Lanka Dr. P. Nandalal Weerasinghe, on the sidelines of the International Monetary Fund World Bank Group Spring Meetings.

State Minister Shehan Semasinghe said Sri Lanka’s economic outlook and the progress of restructuring SOEs, for which Sri Lanka is receiving IFC assistance were discussed during the meeting.

Posting on X the State Minister said the IFC is considering making more investments and supporting financial sector stability in the country.

The International Finance Corporation (IFC) is the private sector arm of the World Bank group.