Sri Lanka and World Bank Launch Five-Year Partnership for Economic Recovery and 7% Growth

The Government of Sri Lanka and the World Bank Group officially launched a new five-year Country Partnership Framework (CPF) on April 2. This initiative aims to accelerate Sri Lanka's economic recovery, attract private investment, and achieve a 7% medium-term economic growth target. A core focus of the framework is to promote private sector-led job creation, particularly addressing employment challenges for young people entering the workforce. President Anura Kumara Dissanayake affirmed the government's commitment to leveraging ongoing macroeconomic stability, strengthened governance, and fiscal consolidation to steer the nation towards strong, sustainable, and inclusive growth. This partnership builds upon decades of collaboration between Sri Lanka and the World Bank.