The World Bank Group (WBG) is preparing its new partnership framework with Sri Lanka for the 2023–2026 period. The process involves consultations with a broad range of stakeholders – with representatives from government, international financial institutions, civil society organizations, think tanks, academia, and the private sector – to exchange views on opportunities for Sri Lanka’s inclusive and sustainable economic recovery and development, and how the World Bank Group can help.
Background
In preparing the Country Partnership Framework (CPF), the WBG remains conscious of Sri Lanka’s challenging context and the limited financial resources available. The CPF is selective – it focuses on specific objectives to support the country’s greatest development needs, where the government sees a catalytic role for the WBG’s support, and where the WBG can add distinct value.
The upcoming CPF aims to assist Sri Lanka in restoring economic stability and building a stronger foundation for green, resilient, and inclusive development and recovery, while protecting poor and vulnerable populations. The CPF is aligned with the government’s immediate and medium-term strategic priorities. To this end, the WBG will also support foundational reforms to strengthen macroeconomic stability and sustainability, mitigate the impact of current and future shocks on the poor and vulnerable, and foster an inclusive and private-sector-led recovery and growth path.
The CPF will focus on two high-level objectives:
- Supporting resilient, inclusive, and robust economic growth
- Protecting and enhancing human and natural capital
In addition, improving governance and green growth will be a cross-cutting theme that will guide all WBG activities in Sri Lanka.
The CPF is informed by the recently updated Systematic Country Diagnostic (SCD) for Sri Lanka, the latest Development Update, and analyses of challenges and development opportunities in the country.
Consultations
Public consultations for the CPF will include virtual and face-to-face meetings with different stakeholders, including the government, international financial institutions, civil society, and the private sector.
Interested stakeholders can also provide feedback through an online consultation platform which will be open from March 8, 2023, to March 29, 2023.
The objective of the online consultation is to seek broader feedback and comments from interested stakeholders, both local and international, on the direction and scope of the new CPF as outlined in this presentation on the Sri Lanka Country Partnership Framework 2023-2026.
Please send your comments, questions, or suggestions to the World Bank Country Office in Sri Lanka, at the following email address: infosrilanka@worldbank.org
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