A delegation from the International Finance Corporation (IFC), led by Regional Vice President Sarvesh Suri, held discussions with Labour Minister and Deputy Minister of Finance and Planning Dr. Anil Jayantha Fernando on ways to support Sri Lanka’s financial sector and promote sustainable economic growth. The meeting was held on Oct. 30 at the Ministry of Finance, where both parties explored opportunities for IFC assistance in strengthening the country’s financial system and advancing inclusive economic development. Discussions also focused on the possibility of securing IFC investment and financial assistance for Sri Lanka’s strategic development projects, particularly in agriculture, fisheries, tourism, transport and logistics. The need to establish financing mechanisms beyond conventional banking practices, while aligning them with the country’s broader development priorities, was also highlighted. The participants emphasized the importance of strengthening cooperation with the IFC to expand investment opportunities, improve the financial sector and support sustainable economic growth. IFC Regional Director Manuel Reyes Retana and World Bank Group Country Manager for Sri Lanka and the Maldives David Sislen also attended the meeting, along with other representatives. (Newswire) The post IFC discusses support for Sri Lanka’s financial sector and economic development appeared first on Newswire.
