Deputy Finance Minister Holds Discussion with IFC Regional Vice President

A special discussion was held between Deputy Minister of Finance and Planning, Anil Jayantha, and the Regional Vice President of the International Finance Corporation (IFC) yesterday at the Ministry of Finance.

During the meeting, special attention was focused on the development of Sri Lanka's financial sector and how IFC support could be utilized to achieve sustainable and inclusive economic growth in the country.

The Ministry of Finance, Planning and Economic Development announced that the discussion also touched upon the possibility of securing IFC contribution for Sri Lanka's strategic development projects.

Attention was specifically directed toward exploring investment and financial support for the development of agriculture, fisheries, tourism, and transport and logistics sectors.

Furthermore, the two sides discussed the necessity of moving beyond traditional banking methods to establish a financing framework targeted at achieving the country's development objectives.

The Ministry of Finance, Planning and Economic Development stated that the meeting highlighted the importance of enhancing cooperation with the IFC to strengthen Sri Lanka's financial system, expand investment opportunities, and achieve sustainable economic growth.

The discussion was also attended by the IFC Regional Director, the World Bank Group Manager for Sri Lanka and the Maldives, the World Bank Regional Director, and several other delegates.