Sri Lanka and the World Bank Group (WBG) have launched a new five-year Country Partnership Framework (CPF) aimed at accelerating economic recovery, attracting private investment, and generating employment opportunities. The partnership is expected to mobilise over $ 2 billion in combined support, including more than $ 1 billion in private sector investment through the International Finance Corporation (IFC) and up to $ 1 billion in concessional financing from the World Bank.

President Anura Kumara Dissanayake emphasised the Government’s commitment to sustaining macroeconomic stability and achieving over 7% medium-term growth. The initiative prioritises private sector-led job creation, addressing the challenge of nearly one million young people entering the workforce over the next decade.

The framework focuses on improving the ease of doing business, strengthening infrastructure, expanding opportunities in tourism and agriculture, and enhancing resilience to climate shocks. A key milestone is the approval of the $ 100 million REVIVE Project, targeting economic revitalisation in the Northern and Eastern Provinces, with expected benefits for 260,000 people and the creation of 3,000 jobs.

This partnership marks a significant step towards inclusive and sustainable growth in Sri Lanka.