Golden Handshake

The government is seeking World Bank funding to reduce the public sector cadre by offering them a voluntary retirement package.
The government is planning to reduce the number of public servants by around 25 percent over the next few years.rn

rnThe talks with the World Bank are aimed at looking for funding for the proposal to cut the numbers of public servants.rn

rnOfficials say the progressive reduction in the numbers will be based on a larger review of activities in government agencies.rn

rnThe World Bank help is expected to form part of a larger budgetary support package that the government is already talking to the bank about.rn

rnldblquote It is still at the proposal stage,
dblquote says Secretary to the Prime Minister Bradman Weerakoon.rn

rnldblquote It will be a gradual process. I don
quote t think we can come up with a figure at the moment. But it (the proposal) is very active,
dblquote he said.rn