| While
the political environment in Sri Lanka has changed, the key tenets of
the country strategy and program 2004-2008 (economic reform, governance,
and social development)—still hold, albeit with some qualifications. The
Government aims to increase the role of the state in promoting economic
growth. The new political environment has had some impact on planned and
ongoing projects. For example, ADB has adjusted the design for the Financial
Markets Program for Private Sector Development, which now supports the
restructuring of the People’s Bank without privatizing it.
At the same time, ADB is engaged in an intense dialogue with the Government
on reform in key sectors (power, roads, and, in alignment with the IMF,
fiscal management), striving to improve economic management within existing
government structures where possible, but promoting a greater role for
the private sector and sector restructuring where necessary.
See
Sri Lanka Country Partnership Strategy
See
other documents related to MfDR in Sri Lanka
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Do you know of other material related to development
effectiveness and results in this country? Please contact
us.
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