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Last updateSat, 26 May 2018 8pm

Business News

The US commends financial discipline of Sri Lanka.


The Chamber of Commerce of the Unite States has agreed to enhance investments in Sri Lanka due to transparency in the economic activities of the country. Minister Ravi Karunanayake says the financial discipline of the country has attracted many accolades from the American Chamber of Commerce. The Minister of Finance was attending 2017 Spring Meeting of the World Bank and International Monetary Fund in Washington. He further said that business friendly policy of Sri Lanka has made the island nation unique in the Asian region. Development initiatives, trade not aid, private public partnerships, debt management and eradicating poverty in Sri Lanka were the key topics for Finance Minister and his team at meetings with the global lenders. Deputy Managing Director of the IMF Mitsuhiro Furusawa during a meeting with the Finance Minister emphasized that the IMF remains a committed partner for Sri Lanka through their regular policy dialogue and technical support. Also discussed were the extensive reforms to IMF surveillance activities and financing facilities in recent years to make them better tailored to individual country needs. Vice President of the World Bank Annette Dixon meeting with Minister Karunanayake commended Sri Lanka’s economic development process. She said that Sri Lanka will get the assistance of the World Bank to strengthen its economy. During discussions, the World Bank official agreed to send a special investigation team of the World Bank to look into the solid waste management in the country.

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