Integrated management of risks key to the success of Sri Lanka’s new growth model – World Bank
To sustain growth, job creation and poverty reduction, Sri Lanka needs to move to a more private investment, tradable sector-led growth model, says the latest Sri Lanka Development Update, the World Bank's half-yearly flagship report on the country's economy, future outlook and policy priorities. It recognizes Vision 2025 as a roadmap that outlines such a shift.
The update makes a strong case for better risk management which can support Sri Lanka's transition to this new growth model - which while opening more opportunities for development and making Sri Lanka more resilient to traditional risks, will also expose it to new ones. These risks need to be well managed to maximize the opportunities for households, firms, the public sector and the economy as a whole.
The World Bank prepare...