World Bank Country Director Dr. Pswarayi-Riddihough expressed her views on agriculture productivity in Srilanka at a ceremony this week. She said instead of its perception as a declining sector, the agriculture sector has the potential to contribute significantly to Sri Lanka’s aim of becoming a competitive and inclusive upper-middle income country.
The World Bank says Sri Lanka’s productivity in agricultural field is slow and behind other South and East Asian countries.
The World Bank has financed the Agriculture Modernization Project to close the gap through diversification, commercialization and value addition, said World Bank Country Director for Sri Lanka and the Maldives Dr. Idah Pswarayi-Riddihough .
The World Bank Country Director said the considerable potential in the agriculture sector to contribute to Sri Lanka’s economy and
An important priority for the government and for the World Bank is to enhance the livelihoods of rural households which are dependent on farming is tremendous and support to the agriculture sector is therefore, The Director further said considerable potential is there in the agriculture sector to contribute to Sri Lanka’s economy .
The World Bank official also pointed out the need for conducive policy framework and the need for labour and capital markets to become more dynamic to better serve the economy.