IFC offers eco-tourism, affordable housing support for Sri Lanka
Oct 12, 2017 17:05 PM GMT+0530 | 0 Comment(s)
ECONOMYNEXT - International Finance Corporation (IFC), the private sector arm of the World Bank Group, has offered to support eco-tourism, affordable housing and infrastructure development in Sri Lanka.
The support was pledged during a meeting between Minister of Finance and Media Mangala Samaraweera and IFC Director for South Asia Mengistu Alemayehu, in Washington on the sidelines of the annual meeting of the International Monetary Fund/World Bank.
“Wide ranging discussions focused on ways and means of enhancing mutual cooperation to promote private sector contribution for the economic development of Sri Lanka,” a Ministry of Finance statement said.
Samaraweera commended the cooperation extended by the IFC to promoting the private sector contribution for the development of the economy at a time where the government has accorded high priority to private sector involvement in the economy by way of Public Private Partnerships.
“Minister Mangala Samaraweera, who is scheduled to present his maiden Budget next month as the Minister of Finance, said that the budget is aimed at creating a robust, flourishing and modern economy and will focus on a start - up culture of ‘empowering the private sector’,” it said.
IFC’s committed portfolio in Sri Lanka covers projects across a range of sectors, including infrastructure, tourism, renewable energy, finance, and healthcare.
IFC also provides advisory services to promote sustainable growth among small and medium enterprises by facilitating access to finance and by offering capacity-building and training opportunities.
(COLOMBO, October 12, 2017)