JICA and NPD to improve effective public investment management for economic revival

Saturday, 12 August 2023 00:00 - - {{hitsCtrl.values.hits}}

On 2 August, the detailed discussion on the progress and way forward was held on the ongoing technical cooperation project named, “Project for Capacity Development for Effective Public Investment Management” between Department of National Planning, Ministry of Finance, Economic stabilisation, and National policies (NPD), other line ministries and JICA at the 3rd Joint Coordination Committee chaired by NPD Director-General R.H.W.A. Kumarasiri.

As the importance of Public Investment Management increases in response to the current economic crisis, the Japanese expert team is working with the NPD to develop and disseminate a system to consolidate information on public investment project appraisal and provide the training programs for the NPD and some line ministries regarding the project planning, appraisal and improvement of the public investment management.

JICA Sri Lanka Office Senior Representative Ide Yuri expressed her gratitude to the related actors and highlighted that: “This technical cooperation project is an important project particularly under the current fiscal situations. JICA is committed to providing tangible assistance to the NPD to realise sustainable, consistent, effective, and efficient public investment management.”