World Bank will continue to support Sri Lanka’s development reforms program.

Representatives from the World Bank including the Vice President of the South Asian Region of World Bank, Martin Raiser, met President Ranil Wickremesinghe at the Presidential Secretariat on Tuesday (28) and assured him that the World Bank will continue to support Sri Lanka’s development reforms program.

They stated that the World Bank will provide technical assistance in the drafting of laws for development policy operations, as well as work to provide additional guidance and support regarding the use of international media and welfare benefits.

Improving financial supervision and credit management, improving tax administration, sovereign-financial sector linkages and reducing systemic risks; maintaining stability and confidence in the banking sector, restructuring and divestment, reducing policy uncertainty and increasing competitiveness in the economy, mobilizing private capital and competition in the broadband market, strengthening the social security institution, delivery system and targeting was discussed.