The government of Sri Lanka, together with the World Bank (WB), the European Union (EU), and France’s official development assistance (AFD), has signed vital financing agreements aimed at enhancing the country’s management of public finances.
Under the agreement, a grant of EUR 9.8 million has been allocated for Public Finance Management, with the primary objective of bolstering economic governance, promoting transparency, and ensuring accountability in the utilization of public finances.
This collaborative effort signifies a crucial step towards improving financial management practices in Sri Lanka, fostering responsible fiscal policies, and advancing the nation’s economic development endeavors. The support from these international partners is expected to contribute significantly to the country’s financial stability and sustainable growth.
