Post Views: 325 World Bank Group President David Malpass met with President Ranil Wickremesinghe on Tuesday (08) in Sharm el-Sheikh, Egypt on the sidelines of the COP 27 climate change conference. Malpass and president discussed the challenging macroeconomic and social situation in Sri Lanka and the urgent need to stabilize the economy. both of them discussed ways to improve the efficiency of public expenditures and necessary reforms to the state-owned enterprises, particularly given the large size of the public sector in Sri Lanka. President Malpass affirmed the World Bank Group’s (WBG) support to the Sri Lankan people in rebuilding their economy and creating a foundation for sustainable private sector-led growth through IDA concessional financing, technical assistance, and policy advice. Also they have discussed opportunities for improving agriculture production and value chains, including through effective programs supporting fertilizer use, as well as Sri Lanka’s large potential in the service sector, including tourism and education. Post navigation 19 dead due to flight crashes into Lake Victoria in Tanzania. Adding another burden to the planet, the world population hit 8 billion
