May 05, 2017

JBIC pledges support for Sri Lanka’s sustainable development programmes

The Japan Bank for International Cooperation (JBIC) has pledged to extend its fullest support for Sri Lanka’s sustainable development programmes. This pledge was given by CEO of the Bank Tadashi Maeda when Sri Lankan Finance Minister Ravi Karunanayake met him on the sidelines of the 50th Annual Meeting of Board of Governors of the Asian Development Bank (ADB) at Yokohama in Japan on Thursday 4th.

He said that the JBIC has decided to raise Sri Lanka’s country classification and it is prepared to provide maximum support for Sri Lanka’s development programs.
He said discussions also touched on the possibility of tripartite trade opportunities between Sri Lanka, Japan and India in future.

Finance Minister Ravi Karunanayake thanked the Japanese Government for its continued support for Sri Lanka further strengthening bilateral relations.

Operating under the theme of “Building Together the Prosperity of Asia”, this year’s Annual is focusing on the region’s growing need for infrastructure as a critical sector towards achieving sustainable and inclusive development. Over 5,000 delegates, including from North America and Europe are participating in the meeting.

The meetings provide opportunities for member governments to interact with ADB staff, non-government organizations (NGOs), media, and representatives of observer countries, international organizations, academe and the private sector.

ADB’s annual meetings have become a premier forum for the discussion of economic and social development issues in Asia and the Pacific.

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