SriLanka, April 4 -- The World Bank Group and the Government of Sri Lanka today launched a new five-year Country Partnership Framework (CPF) to support Sri Lanka's continued recovery, help achieve its 7% medium-term economic growth target, and support job creation.

The partnership will mobilise significant resources from the World Bank Group, including more than US$1 billion in direct and mobilised investment over five years by the International Finance Corporation (IFC) and up to US$ 1 billion in low-interest financing over the next three years from the World Bank. It will deploy the full range of WBG instruments - financing, guarantees, advisory services, and private capital mobilisation.

"We are committed to building on the continued...