Business Times

WB Managing Director visits Sri Lanka

World Bank Managing Director Dr. Ngozi Okonjo-Iweala was in Sri Lanka this week on an official two day visit to Sri Lanka. During her stay, she was due to meet with senior government officials and visit the World Bank Group’s supported projects. Her trip coincides with a new era of development in Sri Lanka as it embarks on an ambitious new course towards a middle income country in lasting peace.

World Bank Managing Director Dr. Ngozi Okonjo-Iweala

“The World Bank has been an active partner in supporting Sri Lanka in its transition from a low income country in conflict to a middle income country in peace,” said Dr. Okonjo-Iweala in a statement issued by the bank. “The post-war environment provides an opportunity to build on our relationship to support the government’s vision to firmly establish the country’s place in the ranks of fast growing middle income countries.”

She was due to visit World Bank Group supported projects in Eastern Sri Lanka aimed at increasing opportunities and enhancing economic growth and development. Her visits included projects assisting with higher education, employment generation for vulnerable groups, small and micro enterprise development and increasing computer use and literacy.

She was also due to meet President Mahinda Rajapaksa, policy makers and senior officials including Central Bank Governor Ajith Nivard Cabraal along with members of the media (at a news conference yesterday). She was assisted at the briefing by Ms. Diarietou Gaye, Sri Lanka Country Director Designate and Dr. Amit Dar, Acting Country Director, World Bank Sri Lanka/Sector Manager, Education, Human Development Network, among other officials.

Dr. Okonjo-Iweala, a national of Nigeria, was formerly the Minister of Foreign Affairs as well as the first female Minister of Finance and Economy for Nigeria. Economic growth rates tripled during her time as Finance Minister and she has garnered international recognition for improving Nigeria’s financial stability and fostering greater fiscal transparency to combat corruption.

Top to the page  |  E-mail  |  views[1]
SocialTwist Tell-a-Friend
Other Business Times Articles
Pension scheme discussion on Tuesday
Sri Lankan worker arrested in US over insider trading charges
Shangri-La leisure project kicks off in 2011
D.R. Wijewardena Mw to be Colombo’s leisure hub
World Bank assistance may double to Sri Lanka
Inflation up, says Central Bank
Hayleys chairman gets five more years
Two bankers and an old ‘Austin’ car
Comment - Imported coconuts, camel milk and ostrich eggs
Feature - Skill, luck and reversion to the mean
Feature - Our skies are safe
Sri Lanka welcomes 600,000th tourist
PCH enters mobile phone business
IMF says pleased with Lankan economic progress
Sri Lanka Railways can be turned around if there is political will
Weli moves out as Transparency Int. Executive Director
Rothschild Tea estate wins top entrepreneur award in Central Province
First 'Etisalat Business Edge' forum for SMEs held
SLT receives two prestigious awards for its 2009 Annual Report
Belgian investors upbeat following visit to Sri Lanka
Nestlé provides over 14,000 people across Sri Lanka with clean drinking water
Sri Lanka company becomes first global tea firm to be certified CarbonNeutralEswaran Brothers
WB Managing Director visits Sri Lanka
SL retail banking becoming more like hospitality
BellVantage appointed as Siemens Enterprise communications partner in Sri Lanka
Book - Central Bank of Sri Lanka Retrospect 1950 - 2010
Microsoft to guide Sri Lanka towards cloud computing
Bairaha to build new state-of-the-art chicken farm
Ceramics sector urges Govt. to reconsider proposed electricity tariff
Sri Lanka tourism with a local touch
Rs 5000 commemorative coin from Central Bank
Potential Sri Lankan economic boom draws Malaysian investors
Singer launches Whirlpool refrigerators
Asian wage growth remains positive despite economic crisis: ILO
Commercial Bank launches Chip Card with VISA
Cement Corp. to start work on KKS Harbour View hotel
Famous city landmark – the St. John Fish Market – moves to Peliyagoda
ICT entrepreneur offers tips to STBC members
Call for good corporate governance in Sri Lanka
Swadeshi launches ‘Safeplus’, effective solution to a germ free life
Novartis wins Alcon with cash sweetener
Mphasis exceeds a billion dollar in revenues
‘Adrenalin’ Human Capital Alignment software now in Sri Lanka
EFutures develops online 'Wish List' for Mattel
TRC to share profit on satellite
SLIC to shed some stakes to fund mega state projects
“Payment Guaranteed Cheque” from Sampath Bank


Reproduction of articles permitted when used without any alterations to contents and a link to the source page.
© Copyright 2010 | Wijeya Newspapers Ltd.Colombo. Sri Lanka. All Rights Reserved.| Site best viewed in IE ver 6.0 @ 1024 x 768 resolution