The tourism sector is high on the list of investment possibilities of a visiting International Finance Corporation team. IFC is the private sector investment arm of the World Bank.
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To date it has an exposure of over US$ 100 mn, mainly in financial markets and infrastructure projects in Sri Lanka.
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rnOf the total, almost 30 percent have been ploughed into the financial sector, while a substantial amount is also in infrastructure and telecom. IFC is now looking at new areas of investment.
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rnldblquote We have been working in the finance sector. The government has asked us to look into housing finance and we have had talks with several bankers,
dblquote says Peter Woicke the Vice President of IFC.
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rnIFC says it is encouraged by the reforms made by the government so far. And more investments in the private sector would follow if the country continues the reform agenda.
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