He was delivering a keynote session via a video link at the Sri Lanka Investment Forum, organized by the Board of Investment, the Ceylon Chamber of Commerce and the Colombo Stock Exchange. “Sri Lanka has been a development success story,” Garcia Mora told the forum. A greater contribution of the private sector can also be a source of much needed fiscal revenue that would allay some of the current fiscal pressures. IFC remains a key private sector development partner having invested $1.6 billion in some 30 projects across the country. “In Sri Lanka, we have learned through experience that straightjacketed investments are not necessarily an effective solution.

Source: The Nation June 09, 2021 10:04 UTC