COLOMBO/WASHINGTON: (Apr 3) Sri Lanka and the World Bank Group have launched a new five-year partnership aimed at supporting the island nation’s economic recovery and boosting private investment, according to a joint announcement.
A new five-year Country Partnership Framework (CPF) was launched to support “Sri Lanka’s continued recovery, help achieve its 7 per cent medium-term economic growth target, and support job creation,” according to a World Bank statement in Washington on Thursday.
“Making it easier to do business. Simplifying government regulations, modernising trade processes, and bringing more government services online will make Sri Lanka a more attractive place to do business and invest. These reforms will support Sri Lanka’s ambition to double annual export earnings to USD 36 billion by 2030,” it said.
Source: PTI News
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