IFC Boosts Sri Lankan Economy with $166 Million Investment Initiative

IFC Boosts Sri Lankan Economy with $166 Million Investment Initiative

IFC Boosts Sri Lankan Economy with $166 Million Investment Initiative The International Finance Corporation (IFC), part of the World Bank Group, is launching a $166 million investment program to strengthen the private sector in Sri Lanka. This initiative focuses on the country's transition from economic stabilization to sustainable growth.Targeting small and medium-sized enterprises (SMEs), the program prioritizes enhancing access to finance, pa…

IFC tells Sri Lanka: Remember economic crisis, push back against bad policy

Cautioning that complacency was setting in and reforms were slipping to the backburner, World Bank Group’s private sector arm International Finance Corporation (IFC) South Asia Manager – Country Advisory and Economics Gregory Smith has urged Sri Lankans not to forget the country’s worst economic crisis triggered in 2022 after defaulting its debts. ..