World Bank congratulates AKD, looks to deepen relations

The World Bank has extended its congratulations to President Anura Kumara Dissanayake, while reaffirming its commitment to support Sri Lanka as the country embarks on resetting its economy. In a letter signed by Martin Raiser, Vice President for the South Asia Region, and Riccardo Puliti, Vice President for Asia and the Pacific at the International Finance Corporation, the World Bank reiterated its readiness to assist as Dissanayake leads the nation forward.

"Your election comes at a pivotal moment in Sri Lanka's history," the letter stated. "While the country's economic reset demands continued government attention, the opportunities for growth, prosperity, and development are equally significant. As one of Sri Lanka's longstanding development partners, the World Bank Group reaffirms its strong commitment to fostering inclusive growth, economic recovery, and addressing the pressing needs of the poor and vulnerable."

They also expressed confidence in Dissanayake's leadership, believing it will help Sri Lanka build on its strengths and advance its development agenda.

In addition to the World Bank's congratulatory message, the Korean International Cooperation Agency (KOICA) announced its full support for the current government's transparency initiative. KOICA pledged loan assistance for projects aimed at combating fraud and corruption in Sri Lanka. This commitment was made during a meeting between a KOICA delegation and Secretary to the President, Dr. Nandika Sanath Kumanayake, at the Presidential Secretariat earlier today, according to the President's Media Division. Representatives from KOICA emphasized their intention to tailor loan support to meet the country's specific needs.

Similarly today the Japanese government has pledged to resume the construction of 11 stalled projects in Sri Lanka and has promised full support for the new government's development programme, the President Media Division (PMD) said. The Japanese Ambassador to Sri Lanka, Mizukoshi Hideaki, said the Japanese government was committed to fully supporting efforts to combat corruption and irregularities. He expressed readiness to continue close collaboration with Sri Lanka.

Tthese projects include the Kandy City Water Management Project, Phase II of the Bandaranaike International Airport (BIA) Development Project, the Terrestrial Television Broadcast Digitization Project, the National Transmission and Distribution Network Development Project, Phase II of the Anuradhapura North Water Supply Project, the Rural Infrastructure Development Project, the Kalu Ganga Water Supply Project, and improvements to health and medical services.

 

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