Press briefing of Cabinet Decision taken on 2018-10-02

Expression of the co-operation of the Government of Sri Lanka for the General and Selective Capital Increases of the International Bank for Reconstruction and Development (IBRD) and International Finance Corporation (IFC) of the World Bank Group (WBG)

- The World Bank Group has identified the restructure to be made in the Group, in order to achieve its Development Objectives more successfully and in a sustainable manner. Accordingly, the proposal made by Hon. Mangala Samaraweera, the Minister of Finance and Mass Media, to express the co-operation of the Government and make the required payments for increasing the General and Selective Capital increases and converting its retained revenue into shares of the institutions set up under the said Establishment, was approved by the Cabinet.