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Schafer also met with representatives of different political parties, senior project officials, the private sector, and development partners.

The meeting underscored the importance of accelerating human capital for inclusive economic growth. The World Bank, together with the Government of Sri Lanka and other development partners will work on addressing the health, education and social protection needs of Sri Lankans across every stage of life in an integrated and holistic manner.

The pandemic has amplified an already challenging fiscal and macroeconomic situation. The government is working to address these challenges which have a disproportionate impact on those most at risk—the poor who bear the brunt of rising global food and oil prices. President Rajapaksa discussed his vision to address these global pressures through his plans for an energy transition and to upgrade skills and the investment climate to respond to market demands.

Schafer also observed efforts underway for flood management and to improve the livability of the city of Colombo, supported by the Metro Colombo Urban Development Project. On the sidelines of this signing, a special event was held in partnership with the Ministry of Highways to launch the Sri Lanka road safety report. Who We Are News. The following is the readout from the discussion:.

The Secretary-General expressed full appreciation for the World Bank Group efforts to integrate climate and development, identify and implement priority projects, and combine large new sources and structures of financing. President Malpass and Secretary-General Guterres noted that the World Bank Group currently provides over half the multilateral climate financing for developing countries and two-thirds of the adaptation financing.

The leaders said they valued the robust partnership between the United Nations and the World Bank Group and looked forward to continuing to build on that strong foundation. Who We Are News statement. Statement November 5,