IFC looks to fund Sri Lanka infrastructure, tourism and energy

infrastructure

Jun 13, 2016 (LBO) – The International Finance Corporation, a part of the World Bank group, said they are focusing on financing financially viable projects in Sri Lanka, and highlighted potential areas such as infrastructure, tourism, agribusiness, energy and also finance.

“The project IFC gets involved should be viable and also should have a development aspect into it,’ said Ameena Arif, IFC country manager for Sri Lanka and Maldives.

“IFC is willing to work with both the public and the private sector.”

She was speaking following discussions with the Chairman of the Ceylon Chamber of Commerce, Samantha Ranatunga.

During the discussion, Ranatunga said, the CCC was keen to work with the IFC.

“Chamber has a very rich history and a sound resource structure, which can be put into use to implement any viable project for the purpose of development of the country,’ he said.

Ranatunga also said the importance of using IFC’s expertise to transfer knowledge into specific sectors of Sri Lanka, such as ‘highlighting the importance of trade agreements’ to the Lankan stakeholders.

Dhara Wijayatilake, chief executive of the Ceylon Chamber of Commerce, and Alikie Perera, deputy secretary general of the Chamber were also present at the meeting.

Priyanka Coorey, senior investment officer at the IFC Sri Lanka, accompanied the country head.