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Sri Lanka and World Bank Group Launch New Partnership to Create Jobs ...
WASHINGTON, April 2, 2026 —The World Bank Group and the Government of Sri Lanka today launched a new five-year Country Partnership Framework (CPF) to support Sri Lanka's continued recovery, help achieve its 7% medium-term economic growth target, and support job creation.“We are committed to building on the continued macroeconomic stability, strengthened governance and revenue-based fiscal consolidation that we have already achieved. Our goal is to confidently steer our economy towards strong, sustainable and inclusive growth. We are working towards an economic growth rate of over 7% in the medium term," said President of Sri Lanka Anura Kumara Dissanayake. "The World Bank Group has been with us for more than 7 decades. This partnership will further strengthen that relationship."Private sector-led job creation is at the heart of the new partnership. Nearly one million young Sri Lankans are expected to enter the job market over the next decade. Without stronger growth and greater private investment, the economy will create only around 300,000 new formal jobs — leaving roughly 7 out of every 10 young job seekers without access to a quality job."Sri Lanka's recovery over the past three years has been hard-won and impressive. This new partnership framework is designed to ensure that the benefits reach everyone,” said Johannes Zutt, World Bank Vice President for South Asia. “By pairing public resources with private capital and innovation, we aim to help Sri Lanka create quality jobs, including for women, young people, and communities that have been left behind."The partnership will mobilize significant resources from the World Bank Group, including more than $1 billion in direct and mobilized investment over five years by the International Finance Corporation (IFC) and up to $1 billion in low-interest financing over the next three years from the World Bank. It will deploy the full range of WBG instruments — financing, guarantees, advisory services, and private capital mobilization.“Sri Lanka’s next phase of growth will be driven by a private sector that can compete, innovate, and create jobs for all,” said Sarvesh Suri, IFC Vice President for Asia and the Pacific. “With its strategic location and skilled workforce, Sri Lanka is well-placed to expand its role in the region—and we are committed to supporting the private sector as a catalyst for progress."The partnership focuses on four key areas:Making it easier to do business. Simplifying government regulations, ...
Sri Lanka-World Bank Launch Job Creation Program
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Sri Lanka and World Bank Group Launch New Partnership to Create Jobs ...
The World Bank Group and the Government of Sri Lanka today launched a new five-year Country Partnership Framework (CPF) to support Sri Lanka's continued recovery and support job creation.
Sri Lanka and World Bank Group Launch New Partnership to Create Jobs ...
The World Bank Group and the Government of Sri Lanka today launched a new five-year Country Partnership Framework (CPF) to support Sri Lanka's continued recovery, help achieve its 7% medium-term economic growth target, and support job creation. "We are committed to building on the continued ...
