SL signs 100 million US dollar credit from World Bank

Tuesday, 06 September 2016 - 8:03


Sri Lankan governed signed a 100 million US dollar credit from International Development Association (IDA) of the World Bank for economic reforms.

Speaking at the event yesterday, program leader for growth and competitiveness of the World Bank Emanuel Salinas Munoz said, “This program will support the Sri Lankan Government’s commitment to unleash the potential of Sri Lankan enterprises to grow, become more competitive and better integrate with the global economy.”

“Improving a country’s competitiveness and creating more and better jobs require a number of factors to be in place, from stable macroeconomic environment and good governance to predictable policies, adequate access to finance, and an efficient regulatory environment that minimizes the cost of doing business,” he added.

The government aims to create 1 million new jobs through a reform package focused on improving the country’s competitiveness, transparency and macroeconomic stability.