Sri Lanka’s top lenders meet to discuss future funding, development plans

December 15, 2006 (LBO) – Sri Lanka’s main international lenders are due to meet late next month to asses their ongoing projects and discuss future funding programmes, a top official said.

“This will not be a pledging conference for money,” explains Central Bank governor, Nivard Cabraal. “We will discuss our ten-year development plan with donors, talk about the state of the economy and how the donors can help us.”

The conference is likely to be held towards the latter part of January outside Colombo city.

The organizers are talking about a Galle venue, as a possible location, since donors have helped to rebuild parts of the tsunami ravaged seaside town.

Donors last met in 2004, where they pledged 3 billion dollars in assistance to be spread over 3-5 years. The aid package included 300 million dollars in debt relief and 250 million dollars from the International Monetary Fund to prop up foreign exchange reserves.