The new Country Partnership Framework
(CPF or framework) presents the engagement of the World Bank
Group (WBG) in Sri Lanka over the next four years (fiscal
years 2017-20 (FY17–20)). The CPF aims to support the
achievement of some of the government’s medium-term goals in
areas that are critical for reducing extreme poverty and
promoting shared prosperity, and that are consistent with
the WBG’s comparative advantage. Notably, the CPF provides
the framework for engagement in several key policy areas.
Following presidential and parliamentary elections in 2015,
the new coalition government, the National Government of
Consensus, has set out an ambitious vision for Sri Lanka. It
focuses on supporting job creation in the private sector,
advancing the country’s global integration, improving
governance, enhancing human development and social
inclusion, and balancing development with environmental
conservation. The vision has been captured in the Prime
Minister’s Economic Policy Statement of November 5, 2015.
The new government’s development agenda is well aligned with
the findings of the 2015 Systematic Country Diagnostic (SCD)
for Sri Lanka. The SCD identified the most critical
constraints and opportunities facing Sri Lanka in
accelerating progress toward the twin goals of ending
extreme poverty and promoting shared prosperity in a
sustainable manner. The analysis concluded that key
priorities are to address the country’s fiscal,
competitiveness, and inclusion challenges, as well as
cross-cutting governance and social, economic, and
environmental sustainability challenges. The CPF is anchored
in this analysis.

Authors and Publishers

Author(s), editor(s), contributor(s)
World Bank International Finance Corporation Multilateral Investment Guarantee Agency

Resource information

Date of publication
July 2016
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