Sri Lanka: Rising up the ranks while sharing prosperity - World Bank - Permanent Mission of Sri Lanka to the UN Geneva Switzerland

Sri Lanka: Rising up the ranks while sharing prosperity - World Bank

Sri Lanka is rising in the middle-income country ranks. Even during the three decades of conflict, the country maintained at least 5% of growth throughout. Unemployment rate (7% in 2005 to 4% in 2011, excluding North and East Provinces) and poverty rate (15% in 2006/07 to 9% in 2009/10) have dropped dramatically, says the World Bank.

The World Bank will support the government’s efforts to address the challenges and constraints for achieving its vision, specifically by: facilitating sustained private and public investment through improving the investment climate and increasing fiscal space and public spending efficiency; supporting structural shifts in the economy through assistance for a knowledge-based economy, and increased internal Sand international integration and competitiveness; and promoting improved living standards and social inclusion through support for increasing quality of services, reducing the prevalence of malnutrition and promoting social inclusion and equitable access, the Bank further said.

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