Sri Lanka Equity Forum
Dear Reader,

Registration with the Sri Lanka Equity Forum would enable you to enjoy an array of other services such as Member Rankings, User Groups, Own Posts & Profile, Exclusive Research, Live Chat Box etc..

All information contained in this forum is subject to Disclaimer Notice published.


Thank You
Sri Lanka Equity Forum

Discussion Forum for Stock Market Investors in Sri Lanka

සිංහල පරිවර්තනය
Submit Post
Submit Post

Latest topics

» Amibroker database
by Sonny Bill Today at 10:18 am

» KAPI -MTD WALKERS - MALAYASIAN FIRM TO TAKE CONTROL @40 A SHARE
by Miss-Sangeetha Today at 9:42 am

» Financial Reports Q-4 2018
by sikka89 Today at 7:13 am

» Weekly Stock Market Roundup
by Insights Equity Today at 6:07 am

» SFL.P Going to hit 10 Dr.Sentavil Also Bought above 12
by NP Today at 12:51 am

» CROSSINGS TODAY
by sikka89 Yesterday at 10:10 pm

» DIVIDEND ANNOUNCEMENTS- JAN/MARCH 2019
by sikka89 Yesterday at 10:07 pm

» Collect AAIC to win within six months
by wisdom79 Yesterday at 9:27 pm

» ANILANA HOTEL
by wisdom79 Yesterday at 9:21 pm

» Four more banks obtain enjoining orders against KAPI (MTD Walkers)
by Miss-Sangeetha Yesterday at 8:00 pm

» MTD Walkers (KAPI) face liquidation as Hayleys Group firm files winding up petition
by Miss-Sangeetha Yesterday at 7:57 pm

» Daily Stock Market Update
by Insights Equity Yesterday at 5:33 pm

» INSURANCE bubble finally bursting!
by nosf766 Yesterday at 12:46 pm

» CASH RICH REXP
by nishjaya Yesterday at 9:57 am

» Deal Waligama Property to be sell EAST Interesting
by soileconomy Yesterday at 8:13 am

» ACL PERFORMANCE
by Yahapalanaya Yesterday at 7:42 am

» CDB PERFORMANCE
by Yahapalanaya Yesterday at 7:29 am

» LGL LGL LGL LGL
by dmtmadusanka Yesterday at 6:22 am

» MTD WALKERS PLC
by sikka89 Thu Feb 14, 2019 11:15 pm

» Daily Foreign Transactions
by sikka89 Thu Feb 14, 2019 10:31 pm

» CTCE CTCE CTCE CTCE
by roshan1039 Thu Feb 14, 2019 5:31 pm

» Exit KAPI today
by karuna2 Thu Feb 14, 2019 11:17 am

» Sleeping giants-
by anges Wed Feb 13, 2019 11:52 pm

» HEXP hidden gem share
by anges Wed Feb 13, 2019 11:49 pm

» EAST INTERESTING DAYS AHEAD 25+
by NCC Wed Feb 13, 2019 12:30 pm

» why MFL is collecting ?
by suku502 Wed Feb 13, 2019 12:24 pm

» Whats going on with KAPI
by NP Wed Feb 13, 2019 9:43 am

» __________Bank Instrument & Investment Lease And Sales for Global Investments & Financing____
by sakchai Wed Feb 13, 2019 2:27 am

» DIAL is it best to buy
by TuTanKaman Tue Feb 12, 2019 2:34 pm

» Brokers බොරු කියන්නේ
by karuna2 Tue Feb 12, 2019 9:20 am

» BFN 15.60 - 16 - 16.5 මිලට වැටෙන්නේ ඇයි
by karuna2 Tue Feb 12, 2019 9:19 am

» NP HOW ABOUT MBSL CHART
by sanjulanka Tue Feb 12, 2019 7:17 am

» GENUINE BANK GUARANTEE (BG) AND STANDBY LETTER OF CREDIT (SBLC) FOR LEASE AT THE LOWEST RATES AVAILABLE.OTHER FINANCIAL INSTRUMENTS SUCH AS MTN, CD, DLC, PB ARE ALSO AVAILABLE..............
by sakchai Tue Feb 12, 2019 4:21 am

» Financial bank instruments for Lease and sale for trade and project funding
by sakchai Tue Feb 12, 2019 4:20 am

» CTCE ලාභාංශ පුරොකතනය.
by dmtmadusanka Tue Feb 12, 2019 12:01 am

» undervalued stock
by worthiness Mon Feb 11, 2019 2:13 pm

» Malwatte Valley Plantations PLC
by Rookantha Mon Feb 11, 2019 12:56 pm

» Malwatte Plantation
by Rookantha Mon Feb 11, 2019 12:09 pm

» MALWATTE PLANTATIONS GOOD RESULTS
by Rookantha Mon Feb 11, 2019 12:09 pm

» Malwatte Valley Plantations PLC
by Rookantha Mon Feb 11, 2019 12:09 pm

You are not connected. Please login or register

Sri Lanka Equity Forum » Stock Market Talk » World Bank approves USD100 mln to support govt’s economic reforms

World Bank approves USD100 mln to support govt’s economic reforms

Go down  Message [Page 1 of 1]

fireshelter

fireshelter
Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
Aug 01, 2016 (LBO) – The World Bank Board has approved a 100 million dollar credit from the International Development Association (IDA) to support the Government of Sri Lanka’s economic reform program.
“Sri Lanka has been making steady progress on economic reforms, with the government aiming to create one million new jobs through a reform package focused on improving the country’s competitiveness, transparency and macroeconomic stability,” a statement said.
A World Bank study, the Systematic Country Diagnostic, has highlighted the need for Sri Lanka to move from “a largely inward looking and public sector driven economy” to one that can unleash the potential of the private sector.
The Sri Lanka Competitiveness, Transparency and Fiscal Sustainability Development Policy Financing (DPF), which is only the second DPF to Sri Lanka in a decade, aims to support the government’s reform agenda by reducing obstacles to private sector competitiveness, establishing transparent and well managed public institutions and improving fiscal sustainability.
“The breadth and depth of the actions implemented signal the comprehensive approach and commitment of the Government to tackle difficult reforms aimed at making growth sustainable and creating jobs.” said Françoise Clottes, World Bank Country Director for Sri Lanka and the Maldives.
“The specific actions in this DPF operation will help improve fiscal sustainability and create the fiscal space for delivery of public services, social spending and capital investment, which are integral to the country’s competitiveness”
The Ministry of National Policies and Economic Affairs will be responsible for overall implementation and coordination of the proposed operation.
Other agencies involved include the Ministry of Development Strategies and International Trade, the Ministry of Finance, the Ministry of Parliamentary Reforms and Mass Media, the Auditor General’s Department, the Board of Investment and the Central Bank of Sri Lanka.
“Improving a country’s competitiveness and creating more jobs are complex objectives that require a number of factors – stable macroeconomic environment, good governance, adequate investment climate and skills in demand”, said Emanuel Salinas Munos, Program Leader and Task Team Leader of the World Bank.
“This program will support the Sri Lankan Government’s commitment to enable the potential of Sri Lankan enterprises to grow, become more productive and better integrate with the global economy”.
DPF operations provide untied funding to the Government upon completion of a package of policy and institutional reforms. The funding provided is allocated by the government solely based on its budgetary priorities. The World Bank Group provides technical assistance to the Government in support of its reform efforts under this program.

Back to top  Message [Page 1 of 1]

Permissions in this forum:
You cannot reply to topics in this forum