Wide ranging discussions focused on ways and means of enhancing mutual cooperation to promote private sector contribution for the economic development of Sri Lanka. IFC is the private sector arm of the World Bank Group, has its focus on the private sector operating in more than 100 developing countries and applies lessons learned in one region to solve problems in another. Sri Lanka has been a member of the IFC since its inception in 1956 and it has so far committed over USD 1.3 billion in Sri Lanka. IFC’s committed portfolio in Sri Lanka covers projects across a range of sectors, including infrastructure, tourism, renewable energy, finance, and healthcare. Mr. Mengistu Alemayehu was accompanied by Ms. Idah Pswarayi-Riddihough, WB Country Director for Sri Lanka and Maldives and Ms. Amena Arif, IFC Country Manager for Sri Lanka and Maldives.

Source: Sunday Times October 12, 2017 09:56 UTC