World Bank South Asia Vice President in town

• To meet Prez, PM, FinMins, CB Governor and Colombo Mayor
• Expected to hold discussions on female labour participation 

The World Bank Vice President for the South Asia region, Hartwig Schafer is currently in town on his first visit to Sri Lanka to gain a better understanding of the country’s development priorities and as to how the bank can continue to support its critical reform agenda. 

“Sri Lanka has made good progress in reducing poverty and ranks the highest in South Asia in terms of human capital development” said Schafer. 

“To continue its journey towards a high middle-income country and create more quality jobs for its people, Sri Lanka needs to continue focusing on better fiscal health, boosting its competitiveness as a tourism, logistics and IT hub and managing climate change risks. The World Bank will continue to provide its best expertise to support Sri Lanka’s future growth.”  During his three-day visit, Schafer will meet President Maithripala Sirisena, Prime Minister Ranil Wickremesinghe and senior government officials including the Finance and Mass Media Minister Mangala Samaraweera, State Finance Minister Eran Wickremaratne, Colombo Mayor Rosy Senanayake and Central Bank Governor Dr. Indrajith Coomaraswamy. 

Schafer is expected to hold discussions on Sri Lanka’s low female labour force participation, visit project sites to meet communities engaged in development work and launch the World Bank’s new Sri Lanka Development Update. 

He will also meet with leading representatives of the private sector and the civil society.

 Before joining the South Asia Region, Schafer served as the Vice President for Global Themes and as Vice President for Operations Policy and Country Services.
He led several key reforms, including the rollout of the World Bank’s new policies on procurement, environmental and social safeguards, and innovation of the bank’s lending and knowledge instruments. Previously, Schafer served as the World Bank’s Country Director for Djibouti, Egypt, and Yemen.