Sri Lanka and the World Bank Group have launched a new five-year partnership aimed at supporting the island nation’s economic recovery and boosting private investment.
According to a joint announcement, the new five-year Country Partnership Framework (CPF) will support Sri Lanka’s continued recovery, help achieve its 7 per cent medium-term economic growth target, and support job creation. According to a World Bank statement in Washington, the partnership will make it easier to do business, simplify government regulations, modernise trade processes, and bring more government services online. These reforms will also support Sri Lanka’s ambition to double annual export earnings to 36 billion US Dollar by 2030.
